Domestic Mill Lead Times Remain Flat

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.