SMU Data and Models
November 22, 2022
Steel Mill Lead Times Remain Low
Written by Brett Linton
Steel mill lead times were mixed this week compared to our previous market check, with production times slightly shrinking for three products and marginally extending for two. Hot rolled, cold rolled, and galvanized lead times are now at or near multi-year lows.
Lead times are down by an average of 0.2 weeks compared to one month ago. Following their peak in April, sheet lead times have been relatively stable since July/August. Plate lead times had gradually moved lower over the past six months, but slightly ticked up this week.
