SMU price MoMo index

The Steel Market Update (SMU) Price Momentum Index (MoMo) is a trailing indicator and shows the relationship between the current U.S. hot rolled coil price movements against the previous 12-week average price as a percentage. A positive MoMo index indicates hot rolled steel prices are moving in an upward direction compared to the previous 12-week period, while a negative index number indicates a downward direction in prices.

MoMo should not be confused with the SMU Price Momentum Indicator which is a forward-looking indicator that indicates the direction of steel prices over the next 30 days.