HRC lead times for the week ending September 16 deteriorated to an 8-week low of 3.1 weeks from 4.1 in the previous week, with some sources reporting lead times of 2 weeks.

Lead times for HDG also declined to 5.6 weeks from last week’s level of 6.2 weeks, while CRC lead times fell to 6.2 weeks from 6.4 in the previous week.

Sources: The Steel Index, Steel Business Briefing