HRC lead times for the week ending November 4 jumped to 3.7 from last week’s level of 3.2 – the largest week-on-week increase in 11 weeks and the highest reading in 9 weeks.

HDG lead times came in at a 5-week high of 6.1 weeks from 5.4 in the previous week – the largest increase in 11 weeks. CRC lead times rose to a 9 week of 6.3 – up from 6.0 in the previous week.

Sources: The Steel Index, Steel Business Briefing