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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROSS JOSEPH J 		2. Issuer Name and Ticker or Trading Symbol

QUANEX CORP [ NX ] 		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)

1900 WEST LOOP SOUTH, SUITE 1500 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/4/2007
(Street)

HOUSTON, TX 77027
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Phantom Stock Units   (1) $0   (2) 12/4/2007     A     73.976         (3)   (3) Common Stock   73.976   $49.34   14258.543   D    
Phantom Stock Units   (4) $0   (2) 12/4/2007     A     369.882         (3)   (3) Common Stock   369.882   $49.34   14628.425   D    
Restricted Stock Units     (5)                   (6)   (6) Common Stock   1353     1353   D    
Stock Options (Right to buy)   $11.5333                   10/31/2001   10/31/2011   Common Stock   4500     4500   D    
Stock Options (Right to buy)   $15.7955                   10/31/2002   10/31/2012   Common Stock   4500     4500   D    
Stock Options (Right to buy)   $15.9333                   5/23/2003   5/22/2012   Common Stock   13500     13500   D    
Stock Options (Right to buy)   $17.8                   10/31/2003   10/31/2013   Common Stock   4500     4500   D    
Stock Options (Right to buy)   $22.5333                   10/31/2004   10/31/2014   Common Stock   4500     4500   D    
Stock Options (Right to buy)   $33.51                   10/31/2006   10/31/2016   Common Stock   3388     3388   D    
Stock Options (Right to buy)   $38.6067                   10/31/2005   10/31/2015   Common Stock   3042     3042   D    
Stock Options (Right to buy)   $41.19                   10/31/2007   10/31/2017   Common Stock   2528     2528   D    

Explanation of Responses:
( 1)  Represents units credited to a participant's account under the Deferred Compensation Plan as a result of the Company's 20% matching award of the participant's deferral of income or fees, as the case may be.
( 2)  Conversion price is 1-for-1.
( 3)  All units credited under the Deferred Compensation Plan are 100% vested at all times; provided, however, that if a participant receives a benefit from the Deferred Compensation Plan for any reason other than death, disability or retirement within three years after a deferral is credited to a participant's account, any matching awards made by the Company with respect to such deferral will be forfeited. Distributions under the Deferred Compensation Plan are made beginning on a specified date selected bythe participant or upon a participant's death, disability, or termination of employment.
( 4)  Units that are credited to the participants account under the Quanex Corporation Deferred Compensation Plan as a result of the participant's deferral of income or fees, as the case may be.
( 5)  Each restricted stock unit represents a contingent right to receive cash in an amount equivalent to the value of one share of NX common stock.
( 6)  The restricted stock unit will vest immediately, but will not be payable until death, disability or cessation of service on the board or change of control.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROSS JOSEPH J
1900 WEST LOOP SOUTH
SUITE 1500
HOUSTON, TX 77027 		X



Signatures
John J. Mannion, Power of Attorney 12/5/2007
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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