SMU Data and Models
November 9, 2014
SMU Survey Results: Steel Mill Lead Times
Written by John Packard
One of the items Steel Market Update is watching closely is steel mill lead times. This is especially true after price increases have been announced. Typically, we see lead times move out (extend) after a price announcement has been made. This is due to the rush to get orders quoted prior to the increase announcement on the books of the steel mills.
The domestic mills began their latest announcements which were a modest $20 per ton ($660 per ton base hot rolled and $780 per ton base cold rolled & coated) the first few days of November. Our survey began on November 3 and was concluded on November 6.
