Market Data
September 29, 2022
Steel Mill Lead Times Shrink Through September
Written by Brett Linton
Steel mill lead times shrunk across the board this week, with the processing time narrowing for all five products we track. SMU’s latest lead times analysis shows that production times on hot rolled, galvanized, and plate products declined 0.1–0.3 weeks compared to our previous check on the market, while cold rolled and Galvalume lead times fell between 0.7–1.0 weeks.
On average, lead times shortened by 0.4 weeks compared to both two weeks prior and one month ago. Having gradually declined from a peak in April, lead times continue to remain in line with early 2022 levels.
