Market Data

May 28, 2026
SMU Survey: Sheet and plate lead times hold at extended levels
Written by Brett Linton
Steel mill lead times are holding at or near multi-year highs on sheet and plate products, according to buyers responding to our latest market survey. Production times began extending late last year, with all products reaching multi-year highs in May. Current lead times are between two to three weeks longer than those seen this time last year.
- The average production time for hot-rolled coil is just over seven weeks, the highest recorded since October 2021.
- Cold rolled eased to just over eight weeks, holding near a two-year high.
- Coated products remain at just over eight weeks, both at some of the highest levels seen in over two years.
- Plate rose to just under seven and a half weeks, marginally below the four-year high seen in April.

