SMU Data and Models
June 3, 2015
SMU HR Price MoMo Index Showing Higher Price Trend
Written by Brett Linton
The Steel Market Update (SMU) Price MoMo Index for flat rolled steel in the United States is showing positive hot rolled coil price momentum for the second consecutive week, following a 39 week negative streak. 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 should not be confused with the SMU Price Momentum Indicator which is currently pointing toward higher pricing over the next 30 to 60 days.
