SMU Data and Models

Steel Mill Lead Times
Written by John Packard
October 29, 2017
We did a quick check of lead times at a number of domestic steel mills on Friday of this past week. This is what we learned:
Steel Dynamics Industries (SDI) – Butler, Ind.
HR – closed for November production
Pickled – closed for November production
CR – closed for November production
HRG – 11/20 (4 weeks)
CRG – Closed for November Production
The Techs (Coating Mills Owned by SDI)
All three locations (Metaltech, Galvtech, Nextech) – 12/4 (6 weeks)
Steel Dynamics Industries (SDI) – Columbus, Miss.
HR – closed for November production
Pickled – closed for November production
CR – closed for November production
HRG – 11/27 (5 weeks)
CRG – 11/27 (5 weeks)
NLMK USA
HR (Portage) – 11/27 (5 weeks)
CR (Farrell) – 12/4 (6 weeks)
Galv (Sharon Coatings) – 12/4 (6 weeks)
Big River Steel
HR – Closed to 2018 (contract tons for HR for 2018 closed)
CSN (Terre Haute)
Galv – November is closed
Nucor Berkeley
HR – 7-8 weeks
CR – January 2018 – 10-12 weeks
Galv – Late December/early January – 8-10 weeks
Nucor Hickman
HR – 5+ weeks
North Star BlueScope Steel
HR – December – 6-7 weeks
California Steel Industries (CSI)
Down for maintenance Nov. 22 through Dec. 4, 2017
HR – limited availability
CR – limited availability
Galv – Closed Until 2018
Ternium (Louisiana)
AZ – minor tons left for November, December book about half full
Wheeling Nisshin
Galv/AZ – Late December – (9-10 weeks)

John Packard
Read more from John PackardLatest in SMU Data and Models

August service center shipments and inventories report
US service centers flat-rolled steel supply in August declined month-over-month (m/m) and year-over-year (y/y), according to SMU data.

Apparent steel supply remains elevated in July
Apparent supply totaled 8.88 million short tons (st) in July, down 38,000 st from June and 6% higher than the same month last year

HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.

SMU Scrap Survey: Current Sentiment rises as Future Sentiment falls
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.

SMU scrap market survey results now available
SMU’s September ferrous scrap market survey results are now available on our website to all premium members.