SMU Data and Models
July 7, 2016
Lead Times Drop - Still Longer than One Year Ago
Written by John Packard
On Tuesday of this week Steel Market Update began canvassing the flat rolled steel industry through the use of our online survey which we use twice per month. We invited slightly more than 550 people to participate as we try to analyze market trends.
One of the key areas of inquiry is that of lead times, the amount of time it takes to get steel produced from an order placed this week with the domestic steel mills. The lead time, which is also called the “promise date,” is provided by the domestic mills to their customers.
