SMU Data and Models
Domestic Mill Lead Times Remain Flat
Written by John Packard
November 19, 2015
Twice per month, Steel Market Update (SMU) conducts an analysis of the flat rolled steel market from the perspective of active buyers and sellers of sheet and coil products. We invite approximately 560 companies to participate through the use of a questionnaire that we have been using since 2008.
One of the areas probed is in regards to North American (specifically U.S. and Canadian) steel mill lead times. We do not attempt to discover the exact lead times for new prime orders at specific mills rather we are looking for any changes in the trend over time.
Those responding to our mid-November flat rolled steel questionnaire reported, as a group, domestic mill lead times as essentially unchanged over the past four weeks. When looking at lead times on a year over year basis we continue to see all products with shorter lead times this year compared to last.
The hot rolled average remains at just under 3 weeks (2.91 weeks, 2.82 weeks one month ago). Again, this is not the lead time for any specific mill but an average generated out of all of the respondents to this week’s market analysis questionnaire. Last year hot rolled lead times were at just under 4 weeks (3.81 weeks).
Cold rolled lead times weakened slightly from what we reported in the middle of October. The average CR lead time is now 4.75 weeks vs. the 5.00 weeks during the middle of October. One year ago CR lead times averaged 6.05 weeks.
Like HR and CR above, galvanized lead times are being reported at 5.11 weeks which is down slightly from two weeks ago (5.31 weeks) but in line with the 4.98 weeks reported during the middle of October. One year ago GI lead times averaged 6.14 weeks.
Galvalume lead times are being reported as averaging six weeks, which is the same as one month ago and one half week less than the 6.46 weeks reported at this time last year.
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
May service center shipments and inventories report
Flat rolled = 57.1 shipping days of supply Plate = 55.7 shipping days of supply Flat rolled US service centers reined in flat roll supply in May, coinciding with declining shipments. At the end of May, service centers carried 57.1 shipping days of supply, according to adjusted SMU data. That’s down slightly from 57.6 shipping […]
Survey says: Market hit with another blast of tariff whiplash
If you’re feeling a sudden jerk and a case of tariff whiplash coming on, you’re not alone.
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. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Steel Buyers’ Sentiment sinks to near pandemic levels
SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions this week. Our Current Steel Buyers’ Sentiment Index sharply fell to one of the lowest levels recorded in five years, while Future Buyers’ Sentiment marginally improved.
SMU Survey: Mill lead times tick higher after late-May lows
All five of the averages for sheet and plate mill lead times tracked by SMU extended moderately this week, according to buyers responding to our latest market survey.