
SMU MoMo Index Has Spot HRC Above 12 Week Moving Average
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S. remained positive this week for the 10th week in a row after 4 consecutive weeks of being in negative territory. MoMo, a trailing indicator, is based upon the current hot rolled coil (HRC) price weighed against the previous 12-week average spot […]