SMU Data and Models
February 27, 2020
SMU Revises Price Momentum Indicator Back to Neutral
Written by John Packard
Steel Market Update is revising our Price Momentum Indicator on flat rolled to Neutral from Lower.
Sometimes you need a bit of a prod in order to see things clearly. We’ve had many conversations and reviews of the spot pricing data and came to the conclusion the timing of our move to Lower was incorrect. More preciously, it was a little late and should have been made back in mid-January shortly after moving to Neutral.
