Steel Mill Lead Times: Mills Remain Busy

Cold rolled lead times are at 8.31 weeks, little changed over the past two weeks, but up from 7.77 weeks at this time last month. Cold rolled lead times are more than three weeks longer than in late April.

Galvanized lead times have jumped out to 8.98 weeks, up from 8.61 two weeks ago and 8.24 a month ago. The current average Galvalume lead time is up to 9.80 weeks as supplies of that product remain especially tight.

Plate lead times have not extended as much as flat rolled, but now average 5.91 weeks, a week longer than in early October and two and a half weeks longer than the low point back in May.

Viewed as three-month moving averages to smooth out the volatility, hot rolled lead times have continued to extend to 5.93 weeks, cold rolled 7.60 weeks, galvanized 8.06 weeks, Galvalume 8.72 weeks and plate 5.29 weeks.

Based on the continuing trend, there is no sign yet that lead times have peaked, which suggests the same for steel prices.

Note: These lead times are based on the average from manufacturers and steel service centers who participated in this week’s SMU market trends analysis. Our lead times do not predict what any individual may get from any specific mill supplier. Look to your mill rep for actual lead times. Our lead times are meant only to identify trends and changes in the marketplace. To see an interactive history of our Steel Mill Lead Times data, visit our website here.