SMU Data and Models
September 19, 2013
SMU MoMo Index Shows Little Change in Price Movement
Written by Brett Linton
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. turned negative this week after 15 consecutive weeks in positive territory. MoMo, a trailing indicator, is based upon the current hot rolled coil price weighed against the previous 12-week average spot price as recorded by Steel Market Update. MoMo was measured at -0.97 percent this week, down from 0.91 percent last week, meaning that the current HRC price is now below what it was 12 weeks ago.
