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Our Advance/Decliner Index rose slightly from last week’s level. The increase was driven by strength in European pricing as production cuts – most notably… more.
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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
