CRC lead times for the week ending October 21 fell to 4.8 from 5.3 the week prior and 6.0 two weeks ago. This represents the lowest level since the series began in November of 2011.
HRC lead times declined to 3.3 from 3.5 in the week prior, while HDG lead times held at last week’s levels of 5.4.
Sources: The Steel Index, Steel Business Briefing
HRC = Hot Rolled Coil CRC = Cold Rolled Coil HDG = Hot Dipped Galvanized
