SMU Data and Models

Historical SMU Price Momentum Indicator Results

Written by John Packard


We had one of our members ask about the accuracy of the Steel Market Update (SMU) Price Momentum Indicator as we move between Higher, Neutral and Lower Momentum forecasts.  Here is a graph of SMU hot rolled pricing (average) and our Momentum forecasts:

 

Latest in SMU Data and Models

Some SMU Key Market Indicators improve, others remain near historic lows

SMU’s Key Market Indicators include data on the economy, raw materials, manufacturing, construction, and steel sheet and long products. They offer a snapshot of current sentiment and the near-term expected trajectory of the economy. All told, nine key indicators point lower, 16 are neutral, and 13 point higher. One thing worth noting: The nine indicators pointing lower are all lagging indicators. Many of those pointing upward are leading indicators.