Market Data

February 5, 2026
SMU Survey: Modest drop in sheet lead times as plate ticks higher
Written by Brett Linton
Steel mill lead times marginally declined on sheet products this week but edged higher on plate, according to responses from SMU’s latest market survey. Overall, lead times remain one to two weeks longer than levels seen three months ago.
Prior to this survey, sheet lead times had generally increased since November and somewhat stabilized in mid-January. This week marks the first noticeable decrease seen in that time. With the winter weather impact not yet fully known, we will keep our eyes on the market to see if this is a trend reversal or just noise.

