Steel Mill Lead Times: Moving Out

Mill lead times on flat rolled steel have extended in the past two weeks to levels not seen since the spring of 2017, according to the latest data from Steel Market Update’s market trends questionnaire. The average lead time for hot roll has hit four and a half weeks, while lead times for cold roll, galvanized and Galvalume are now between six and a half and seven weeks.

One of the key indicators tracked by SMU, lead times reflect the activity at the mills and the order levels they are seeing from their customers. As expected during a time when mills are raising prices, lead times appear to be lengthening, reflecting stronger demand. The trend is in its early stages, however, and may just reflect a post-holiday seasonal bump.