SMU Data and Models
June 14, 2015
Mill Lead Times History & Price Increase Announcements
Written by John Packard
Steel Market Update was analyzing data from our last flat rolled market survey just as the domestic mills began announcing price increases. We thought our readers might be interested in looking at the data with us and then guess as to whether the new price increases will “stick” or falter over time.
In our opinion, for the domestic steel mill price increases to have a prayer of being collected we need to see two things, 1) the direction of lead times would need to reverse and 2) mill lead times would need to begin to extend which signals orders are being taken at the new price levels.
