SMU Data and Models
March 4, 2015
SMU HR Price MoMo Index Downward Trend in 28th Week
Written by Brett Linton
This week the Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing hot rolled coil price momentum continuing its downward trend for the 28th week in a row (6+ months!). MoMo, a trailing indicator, is measured as a percentage and shows the relation of the current hot rolled coil (HRC) price movements against the previous 12-week average spot price as recorded by Steel Market Update.
MoMo was measured at -10.41 percent this week, meaning that the current HRC price is lower than the average price over the last 12 weeks.
