Ownership Submission
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 *
DEMETRIOU STEVEN J
   2. Issuer Name and Ticker or Trading Symbol
Aleris International, Inc. [ARS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
25825 SCIENCE PARK DRIVE, SUITE 400		 3. Date of Earliest Transaction (Month/Day/Year)
12/19/2006
(Street)

BEACHWOOD, OH 44122-7392		 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, par value $0.10 per share 12/19/2006   U   91,085 D $ 52.5 70,051 D  
Common Stock, par value $0.10 per share 12/19/2006   J   70,051 (5) D $ 52.5 0 D  

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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
Employee Stock Option (Right to Buy) $ 8.93 12/19/2006   U     8,150 04/26/2003(1) 04/26/2012 Common Stock, par value $0.10 per share 8,150 $ 43.57 0 D  
Employee Stock Option (Right to Buy) $ 8.29 12/19/2006   U     8,150 01/01/2004(2) 01/01/2013 Common Stock, par value $0.10 per share 8,150 $ 44.21 0 D  
Employee Stock Option (Right to Buy) $ 11.74 12/19/2006   U     163,000 06/11/2007(3) 06/11/2014 Common Stock, par value $0.10 per share 163,000 $ 40.76 0 D  
Employee Stock Option (Right to Buy) $ 15.4 12/19/2006   U     262,500 12/15/2005(4) 12/15/2014 Common Stock, par value $0.10 per share 262,500 $ 37.1 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DEMETRIOU STEVEN J
25825 SCIENCE PARK DRIVE
SUITE 400
BEACHWOOD, OH 44122-7392		   X     CEO  

Signatures

 Christopher R. Clegg (POA)   12/20/2006
**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) This vested option was cancelled in the merger in exchange for a cash payment of $355,095.50 representing the difference between the exercise price of the option and the merger consideration.
(2) This vested option was cancelled in the merger in exchange for a cash payment of $360,311.50 representing the difference between the exercise price of the option and the merger consideration.
(3) This unvested option was cancelled in the merger in exchange for a cash payment of $6,643,880.00 representing the difference between the exercise price of the option and the merger consideration.
(4) This partially vested option was cancelled in the merger in exchange for a cash payment of $9,738,750.00 representing the difference between the exercise price of the option and the merger consideration.
(5) Unrestricted common stock shares previously owned directly by Reporting Person and exchanged for interests in the nonpublic acquiring company.

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