UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 3, 2008

Schnitzer Steel Industries, Inc.
(Exact Name of Registrant as Specified in Its Charter)

Oregon

0-22496

93-0341923

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3200 N.W. Yeon Ave.

P.O. Box 10047

Portland, OR

97296-0047

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number Including Area Code:

(503) 224-9900

NO CHANGE
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02     Results of Operations and Financial Condition.

On April 3, 2008, Schnitzer Steel Industries, Inc. (the “Company”) issued a press release announcing financial results for the fiscal year ended February 29, 2008. A copy of this press release is being furnished as Exhibit 99.1 to this report on Form 8-K.


Item 9.01     Financial Statements and Exhibits.

(d)

Exhibits

99.1 Press Release of Schnitzer Steel Industries, Inc. issued on April 3, 2008.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Schnitzer Steel Industries, Inc.

(Registrant)
 
 

Dated:

April 3, 2008 By:

/s/ Richard D. Peach

Name:

Richard D. Peach

Title:

Chief Financial Officer

Exhibit Index

Exhibit No.

Description

 
99.1

Press Release of Schnitzer Steel Industries, Inc. issued on April 3, 2008.