SMU Data and Models
Steel Mill Flat Rolled Lead Times Remain Short
Written by John Packard
March 8, 2015
Lead times on flat rolled products remained less than stellar based on the results of our last flat rolled steel market analysis conducted this past week. The respondents to our steel survey pegged hot rolled lead times as averaging 2.92 weeks, statistically unchanged from what we saw as an average during the middle of February. Hot rolled lead times continue to be 1 week shorter than what we were seeing at the beginning of March 2014. As you can see by the graphic below, hot rolled lead times peaked at 5.5 weeks back in April 2014 and have been weakening (getting shorter) ever since.
Cold rolled lead times, much like hot rolled, also remained short at 4.70 weeks. Over the past two months cold rolled lead times have been stuck at just below 5 weeks. One year ago CRC lead times were at 6.08 weeks.
Galvanized lead times have been hovering around 5 weeks over the past couple of months. One year ago GI lead times were closer to 6 weeks (5.88 weeks).
The only flat rolled item to see lead times extend from where they were reported two weeks ago was Galvalume which went to 5.75 weeks from 5.11 weeks. Galvalume lead times one year ago averaged 6.82 weeks.
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.
SMU Survey: Buyers’ Sentiment slips again, future outlook improves
Each of our Sentiment Indices continues to reflect that steel buyers are positive about their present and future business prospects, though that confidence has eased considerably compared to the beginning of the year.
SMU scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Sheet and plate lead times stabilize
Sheet and plate lead times saw minor shifts this week, according to SMU’s latest market survey. Sheet times have inched up over the last month but remain within days of multi-year lows, as they have since May. Plate lead times have bobbed within a tight range for months, hovering roughly a week longer than this time last year.