SMU Data and Models
February 22, 2015
Lead Times Showing Signs of Reaching the Bottom
Written by John Packard
Based on the most recent flat rolled steel market survey results, steel mill lead times stabilized this past week after having declined almost non-stop since August 2014. The question now is will the mill lead times begin to move out from here or remain stuck at these less than desirable levels (from a mill perspective anyway)?
Hot rolled lead times averaged 2.93 weeks this past week. The 2.93 weeks is based on an average of all of the responses we collected for HRC lead times during the survey process this past week. For details about the companies responding to our surveys please go to our blog post regarding our Steel Buyers Sentiment Index on our website (or review the last issue of SMU).
