SMU Data and Models
April 14, 2015
SMU Price Momentum Indicator Still at Neutral
Written by John Packard
A little more than two weeks have passed since Steel Market Update adjusted our forward looking Price Momentum Indicator from “Lower” to “Neutral.”
Looking back on the historical trend for flat rolled steel Price Momentum you have to go back a year before you would see our Price Momentum Indicator pointing toward “Higher” flat rolled steel prices. Since that time we have either been at Neutral or Lower.
