Steel Products
Mill Lead Times & Mill Negotiations: Only Marginal Movement
Written by John Packard
August 22, 2013
Lead times slipped slightly across the board compared to where we saw them at the beginning of August.
The lead times reported by those responding to our Steel Market Update (SMU) steel survey dropped from 4.5 weeks on hot rolled (weighted average) to 4.11 weeks. This is still well above where we were reporting lead times earlier this summer and is slightly higher than what we saw one year ago.
Cold rolled lead times also slipped slightly from 6.35 weeks to 5.96 week, galvanized from 6.42 weeks to 6.18 weeks and Galvalume remained almost the same at 6.75 weeks vs. the 6.18 weeks reported by SMU during the beginning of August.
Mill Negotiations Remain “Firm”
In our most recent steel market survey which ended earlier today (Thursday) we found our respondents as being fairly consistent in reporting mills are mostly ambivalent to the idea of negotiating lower prices with their spot customers. We saw a slight expansion in interest (to negotiate) in cold rolled moving from 30 percent to 42 percent. Galvanized continued to be the weakest product with 43 percent of our respondents reporting some movement by the mills as they negotiated prices over the past few days.

John Packard
Read more from John PackardLatest in Steel Products

EU HR prices gain ground on US, Asian HR still well behind
Section 232 returned on March 12, and since then, the price gap between offshore and US hot band has tightened.

SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]

SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant

Service centers: Mill orders retreat in March
SMU’s Mill Order Index declined in March after repeated gains at the start of the year, according to our latest service center inventories data.

Nucor maintains plate prices
Nucor aims to keep plate prices flat with the opening of its June order book.