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US steel mills face shorter delivery times

According to the data, average lead times for steel products from US steel mills are getting shorter.

US steel mills face shorter delivery times

The average lead time for hot-rolled coils decreased from 7.3 weeks to 6.7 weeks, for hot-dip galvanized products from 7.7 weeks to 7.4 weeks, for cold-rolled coils from 8 weeks to 7.7 weeks, and for medium-thickness sheets from 9 weeks to 8 weeks.

Many reasons led to a slowdown in buyers' purchases. According to market participants, stocks are still sufficient and therefore there is no need to resume purchases yet.

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