Analysis

July 24, 2025
SMU Survey: Mill lead times remain short
Written by Brett Linton
Steel mill lead times on sheet products contracted across the board this week compared to early July, while plate production times moderately extended, according to steel buyers responding to this week’s market survey.
Sheet lead times have remained relatively stable over the past month, holding near some of the shortest levels recorded since late 2023. Recall that back in May, lead times for all sheet products fell to multi-year lows. The average lead time for hot-rolled coil is now just under four and a half weeks, while cold-rolled and coated products are in the low six-week range.

