Analysis
August 7, 2022
Final Thoughts
Written by Michael Cowden
I mentioned in my last Final Thoughts that I’d been surprised to see hot-rolled coil lead times inch up, even if only modestly so. I cautioned at the time not to make too much of just one data point or to call a trend based on just one survey.
That big caveat aside, as we compiled full survey results, I was surprised to see more data points pointing toward potentially better days ahead. Don’t get me wrong. The results are by no means bullish. But they’re less bearish than in prior weeks.
