HRC lead times for the week ending November 18 fell to 3.0 from last week’s level of 3.8 – the largest week-on-week decline in 9 weeks and the shortest lead times in 6 weeks.

CRC lead times also fell – coming in at 6.1 weeks, down from 6.3 in the week prior. HDG lead times posted the lone increase – jumping to a three-month high of 6.5 from 6.1 in the previous week.

Sources: The Steel Index, Steel Business Briefing