Economy
July 1, 2014
June in Review
Written by John Packard
Hot rolled prices eroded during the month of June with the month ending at $660 per ton ($33.00/cwt) and our June monthly average $666 per ton. At the end of May our average was $680 per ton so we are down $14 per ton based on the monthly averages.
The CRU hot rolled coil futures settlement for the month of June was $671 per ton, down $14 per ton from the prior month average. The Platts HRC index dropped the most with $18 per ton of negative movement during the month. Both CRU and Platts ended up with the same average for the month at $671 per ton.
