FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Rutledge John   2. Issuer Name and Ticker or Trading Symbol JORGENSEN EARLE M CO /DE/ [JOR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O EARLE M. JORGENSEN COMPANY, 10650 ALAMEDA STREET 3. Date of Earliest Transaction (Month/Day/Year) 04/20/2005 (Street) LYNWOOD, CA 90262 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 04/20/2005   J(1)   5,000 A (1) 5,000 D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 1.8933

04/20/2005

J(1)

17,641

04/20/2005

12/31/2007

Common Stock

17,641

(1)

17,641

D

Stock Option (right to buy)

$ 4.3818

04/20/2005

J(1)

17,641

04/20/2005

12/31/2008

Common Stock

17,641

(1)

17,641

D

Stock Option (right to buy)

$ 3.1234

04/20/2005

J(1)

17,641

04/20/2005

12/31/2009

Common Stock

17,641

(1)

17,641

D

Stock Option (right to buy)

$ 4.1438

04/20/2005

J(1)

17,641

04/20/2005

12/31/2010

Common Stock

17,641

(1)

17,641

D

Stock Option (right to buy)

$ 10

10/15/2005

04/15/2015

Common Stock

10,000

10,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rutledge John C/O EARLE M. JORGENSEN COMPANY 10650 ALAMEDA STREET LYNWOOD, CA 90262	X

Signatures

/s/ William S. Johnson, as Attorney-in-Fact		04/20/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Prior to the transaction reported on this form, Mr. Rutledge owned 5,000 shares of the common stock of Earle M. Jorgensen Holding Company, Inc. (the "Holding Common Stock"), fully vested options exercisable for 70,564 shares of Holding Common Stock, and options exercisable for 10,000 shares of the Issuer's common stock. Pursuant to a merger and financial restructuring that is exempt under Rule 16b-7, among other things, (a) each share of Holding Common Stock was exchanged for one share of the Issuer's common stock, and (b) each stock option that had been exercisable for shares of Holding Common Stock became exercisable for an equal number of shares of the Issuer's common stock at the same exercise prices and on the same terms and conditions as provided in the Holding stock option agreements and stock option plan.

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