SMU Data and Models

Mill Lead Times & Mill Negotiations: Still Tight (signs of loosening?)
Written by John Packard
December 19, 2013
Lead times continue to be longer than normal with hot rolled averaging more than 4 weeks (4.23 weeks), cold rolled exceeding 6 weeks (6.04 weeks), galvanized at 6.51 weeks and Galvalume averaging 6.83 weeks. All of the flat rolled steel lead times measured this week are extended compared to last year during the middle of December. Our survey respondents are reporting galvanized as having the biggest change compared to last year having added a full week to its average.
As we approach the end of the year we are capturing some movement in hot rolled as our survey respondents reported the domestic mills as being more willing to negotiate HRC than they were just two weeks ago (56 percent vs. 41 percent). All of the other items had increases in negotiations but the continued to be relatively modest adjustments.

John Packard
Read more from John PackardLatest in SMU Data and Models

SMU Survey: Steel mill lead times show diverging trends
Buyers responding to our latest market survey reported that sheet lead times continue to gradually decline from recent highs. Meanwhile, plate lead times increased to levels last seen one year ago.

SMU Survey: Mills unlikely to budge on price, buyers say
Four out of every five steel buyers who responded to our latest market survey say domestic mills are unwilling to negotiate on new order spot pricing. Mills have shown little flexibility on pricing for nearly two months.

SMU’s March at a glance
SMU’s Monthly Review provides a summary of our key steel market metrics for the previous month, with the latest data updated through March 31.

SMU Survey: Steel buyers maintain confident market outlook
SMU’s Buyers’ Sentiment Indices showed mixed movements this week but remain strong, reflecting continued confidence among steel buyers.

SMU Survey: Perspectives differ on impact of Trump tariffs
Are President Trump's tariff policies helping? Steel buyers offer their opinions on the impact of Trump's tariffs.