SMU Data and Models
Steel Mill Lead Times: Still One Week Shorter than Year Ago Levels
Written by John Packard
October 8, 2015
Flat rolled steel mill lead times remain historically short as the domestic mills struggle to keep their mills full. Based on the results from this week’s flat rolled steel market analysis (survey) we are seeing lead times at least one week shorter than this time last year on all products with the exception of Galvalume.
Hot rolled lead times remained about the same as what has been reported over the last couple of months. The average lead time based on our respondents was 3.19 weeks compared to 3.04 weeks (statistically insignificant) two weeks ago and 3.11 weeks at the beginning of September.
Cold rolled lead times dropped by about a half a week from 5.65 weeks two weeks ago down to 4.95 weeks this week. One year ago CR lead times were 6.04 weeks.
Galvanized lead times dropped from 5.83 weeks two weeks ago to 5.32 weeks this week. One year ago GI lead times were averaging 6.05 weeks according to those responding to our survey.
Galvalume lead times dropped one half week compared to two weeks ago but are only a third of a week less than one year ago.
Here is what lead times have averaged over the past year based on the results of SMU flat rolled steel market survey.
To see an interactive history of our Steel Mill Lead Time data, visit our website here.
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU Steel Demand Index still lags
The Steel Demand Index now stands at 42, up from 38.5 in early July, but off from a four-year high of 65.0 in late February.
SMU Price Ranges: Sheet prices tick lower, but floor remains high vs. ’24
Sheet prices slipped again this week amid discounting from certain mills and ongoing concerns about demand.
SMU Survey: Steel Buyer Sentiment Indices soften
SMU’s Steel Buyers’ Sentiment Indices eased this week, both approaching multi-year lows.
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: Mill lead times remain short
Steel mill lead times on sheet products contracted across the board this week compared to early July, while plate production times moderately extended, according to steel buyers responding to this week’s market survey.