Market Data
May 13, 2015
SMU HR Price MoMo Index Turns Positive After 37 Weeks
Written by Brett Linton
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. is showing positive hot rolled coil price momentum after being negative for 37 consecutive weeks. 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 0.76 percent this week, meaning that the current HRC price is higher than the average price over the last 12 weeks.
