International Steel Prices
January 5, 2023
Sheet Lead Times Increase Across the Board
Written by Becca Moczygemba
Steel mill lead times increased again this week, extending by an average of 0.6 weeks across all five products we track. You may recall that lead times for hot-rolled, cold-rolled, and galvanized products were at or near multi-year lows in our late November market check.
Lead times have increased an average of 0.9 weeks compared to levels two weeks ago. Following their April peak, sheet lead times were relatively stable at low levels from July to November. Plate lead times had gradually moved lower over the past six months but ticked up in mid-November.
