Contributor: Ray Peterson

Ray Peterson

Ray Peterson is president of Memorial Resource Group. He has held several positions in the scrap community over the past 25 years, and has significant experience in the pig iron and ferroalloy trade.

Steel's August stumble

Is the recycled metals market heading for a September slump?

Scrap cars, scrap cars on a stack in the background a wind turbine for energy.

Peterson: With more EAFs in play, which feed will rise to the top?

If you have been paying attention, you will notice that the price of shred is getting very close to #1 busheling and #1 bundles in most markets

excavator working a steel pile at metal recycling facility

Peterson: Waiting on May prices

It is clear that steel mill order books are not what they were hoping for in May, and they probably are not going to strengthen in June.

Peterson: Unraveling the enigma of April's scrap market dynamics

April's scrap market defies expectations with unexpected trends and surprising stability.

A prediction for the April ferrous market? It's too early to tell

Which direction is the market moving?