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    May 25, 2023

    Hot Rolled Lead Times See Biggest Decline Since January 2022

    Written by Becca Moczygemba

    Steel mill lead times have encountered some of the biggest two-week declines we’ve seen for some time, to the lowest levels we’ve seen since mid-March, according to SMU’s latest steel market survey data. 

    Hot rolled in particular saw the steepest two-week decline since late January 2022, when lead times dropped by 0.86 weeks. This week, SMU’s hot rolled lead times are 3 to 7 weeks with an average of 5.1 weeks. The average slipped from 5.8 weeks at the previous market check two weeks ago.  

    Becca Moczygemba

    Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.

    Read more from Becca Moczygemba

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