Market Data
August 18, 2022
Steel Mill Lead Times Slightly Extend
Written by Brett Linton
Steel mill lead times were mixed this week, with the processing time for some ordered products extending, shrinking for one, and another holding steady. Cold rolled and coated lead times increased compared to our previous market check, while plate lead times slightly declined and hot rolled lead times remained flat.
On average this week, lead times increased 0.2 weeks across the board compared to two weeks prior, an extension of 0.4 weeks compared to levels one month ago. Having gradually declined from the April peak, lead times generally remain in line with early 2022 levels.
