Lead Times Not Yet Impacted by Price Announcements

Steel Market Update began our latest analysis of the flat rolled steel market on Monday of this week. We found mill lead times remained very similar to those reported at the beginning of March. The ArcelorMittal flat rolled steel price announcement was not made until late Monday afternoon and by then 50 percent of the responses to our survey had already been made.

We anticipate there will be changes to lead times in our next survey which will begin on April 1st. Until then, we found lead times to have remained essentially unchanged from what was collected at the beginning of March.