Start 30-Day Free Trial
Pricing History
Methodology
Specifications
Glossary

Steel Billet Price Trend and Forecast

  • Commodity Pricing

steel billet Price Trends by Country

usUnited States
itItaly
cnChina

steel billet Pricing Trends in India: 

  • Northern India steel billet market price trend
  • Southern India steel billet market price trend
  • Central India steel billet market price trend

Global steel billet Price Trend, Analysis and Forecast​

According to the PriceWatch, In Q2 2025, steel billet prices dropped by $443 per metric ton, FOB Shanghai a 3.49% decrease, driven by geopolitical instability and shifting tariff policies. Ongoing conflicts, particularly in Eastern Europe and parts of the Middle East, have disrupted infrastructure projects and dampened demand from major consumers. Simultaneously, increased protectionism such as higher tariffs imposed by the U.S. and retaliatory measures from China and the EU has altered trade flows, creating regional oversupply.

Track Steel Plate Price Forecasting

Steel Billet Price Trend Analysis: Q2 2025

According to the PriceWatch, In Q2 2025, steel billet prices dropped by $443 per metric ton, FOB Shanghai a 3.49% decrease, driven by geopolitical instability and shifting tariff policies. Ongoing conflicts, particularly in Eastern Europe and parts of the Middle East, have disrupted infrastructure projects and dampened demand from major consumers. Simultaneously, increased protectionism such as higher tariffs imposed by the U.S. and retaliatory measures from China and the EU has altered trade flows, creating regional oversupply.

Exporters are now redirecting shipments to less restricted markets, intensifying competition and pressuring prices downward. Additionally, uncertainties around trade agreements have led buyers to delay purchases, further weakening demand. These combined factors have led to a notable softening in steel billet prices for the quarter. 

Steel Billet Price Trend Analysis: Q1 2025

In the first quarter of 2025, the steel billet market experienced a notable decline, with prices dropping by $458.75 per metric ton, FOB Shanghai representing a 2.10% decrease. This downward trend reflects softening demand across key industrial sectors, including construction and manufacturing, amid global economic uncertainties and tighter monetary policies.

Additionally, oversupply in major producing regions and easing raw material costs, such as iron ore and scrap, contributed to the price correction. The decline signals cautious buyer sentiment and a potential shift in market dynamics as producers reassess output levels to stabilize prices moving forward. 

Steel Billet Price Trend Analysis: Q4 2024

In Q4 2024, the steel billet market experienced a notable price increase of $468.58 per metric ton, FOB Shanghai reflecting a 0.75% uptick from the previous quarter. This moderate but significant rise suggests sustained demand, likely driven by continued infrastructure development and manufacturing activity in key markets such as Southeast Asia and the Middle East.

Additionally, supply constraints due to elevated energy costs and geopolitical tensions may have contributed to the upward price pressure. The 0.75% increase, while not extreme, indicates steady market momentum and resilience, signalling a cautiously optimistic outlook for the steel billet sector heading into 2025. 

Steel Billet Price Trend Analysis: Q3 2024

In Q3 2024, the steel billet market experienced a notable downturn, with prices declining by $465.11 per metric ton, FOB Shanghai representing a 9.48% drop. This price correction reflects a combination of weakening global demand, particularly from key construction and manufacturing sectors, and an oversupply situation fueled by increased production in major steel-producing regions.

Additionally, macroeconomic factors such as high interest rates, geopolitical uncertainties, and reduced infrastructure spending in emerging markets have contributed to dampening buyer sentiment. The price drop underscores the industry’s sensitivity to shifting economic indicators and could prompt producers to reassess output levels to stabilize the market in the coming quarters. 

Steel Billet Price Trend Analysis: Q2 2024

In the second quarter of 2024, the steel billet market experienced a notable price decline, with the average price dropping by $513.83 per metric ton, FOB Shanghai representing a 2.31% decrease. This downward trend reflects weakened demand across key consuming sectors such as construction and manufacturing, coupled with a supply surplus from major producers.

Global economic uncertainty, slower-than-expected industrial recovery in China, and softer commodity demand contributed to the bearish sentiment. Additionally, reduced raw material costs and improved production efficiencies may have pressured prices further.

Market participants are closely monitoring potential stimulus measures and trade policy adjustments that could influence pricing dynamics in the coming quarters. 

Steel Billet Price Trend Analysis: Q1 2024

In Q1 2024, the steel billet market experienced a notable downturn, with prices declining by $525.96 per metric ton, FOB Shanghai representing a 2% decrease. This suggests that while the absolute price drop appears substantial, the percentage change indicates it occurred from a relatively high price base.

The decline may be attributed to several market dynamics, including softened global demand, particularly from construction and manufacturing sectors, as well as increased supply from major producing countries.

Additionally, easing raw material costs and improved production efficiencies likely contributed to downward pricing pressure. Market sentiment may also have been influenced by macroeconomic factors such as interest rate policies, trade shifts, or geopolitical developments impacting steel trade flows. 

India steel billet Price Trend, Analysis and Forecast

Global steel billet Supply Chain

Upstream
  • Steel Billet 
Downstream
  • Steel Billet (Tire Manufacturing, Rubber Industry, Automotive Parts, Conveyor Belts, Mining & Agricultural Equipment, Aerospace & Aviation, Wire Products and Components.) 
Major supplying countries
  • China 
Major importing countries
  • USA & Italy 

India steel billet Supply Chain

Technical Specifications of Steel Billet Price Trends

Molecular Weight[g/mol]

CAS No

HS Code

720720

Molecular Formula

steel billet

Steel billet is a semi-finished product made from molten steel that has been cast and then shaped into rectangular or square cross-sections. It serves as a primary raw material for the production of long steel products such as rebar, wire rods, and structural steel. Known for its strength, malleability, and uniform composition, steel billet is widely used in construction, manufacturing, and engineering industries. Its high structural integrity and versatility make it essential in forging, rolling, and other metal-forming processes.

Packaging Type

Container

Steel Billet Grades Covered

Q235 (100*100mm) and 100*100mm

Incoterms Used

FOB Shanghai, Ex Alabama & FD Taranto

Synonym

PriceWatch Quotation Terms:

150-200 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Material Grade  Carbon Steel / Alloy Steel (e.g., SAE 1006, SAE 1018, etc.) 
Standard  ASTM A29, IS 2830, EN 10025 
Size (Cross Section)  100 mm x 100 mm to 200 mm x 200 mm (or as per requirement) 
Length  6 – 12 meters (custom lengths available) 
Surface Condition  As rolled / As cast / Machined 
Tolerance  ±2 mm (length and cross section depending on standard) 
Tensile Strength  370 – 700 MPa (depending on grade) 
Yield Strength  ≥ 240 MPa (varies with grade) 
Elongation  ≥ 20% 

Steel Billet Industrial Applications

  • Construction & Infrastructure:
    Steel billets are a foundational raw material in the construction industry, used to manufacture rebar, beams, angles, and structural sections essential for buildings, bridges, and other infrastructure projects.
  • Automotive & Transportation:
    Steel billets are processed into components such as axles, shafts, and structural parts in vehicles, providing strength, reliability, and performance under high-stress conditions.
  • Machinery & Equipment Manufacturing:
    Billets are used to produce machine parts, tools, and mechanical components due to their excellent machinability, strength, and durability.
  • Shipbuilding & Marine Applications:
    Due to their corrosion resistance and strength, steel billets are utilized in fabricating ship hulls, frames, and marine-grade hardware.
  • Pipes & Tubes Production:
    Steel billets are rolled into seamless and welded pipes and tubes, widely used in oil & gas, water transportation, and industrial fluid systems.
  • Forging Industry:
    Billets serve as the primary feedstock for forging processes to produce gears, crankshafts, connecting rods, and other critical forged parts.
  • Railway Industry:
    Used in the production of rails, wheels, and other railway components, billets contribute to the high load bearing and safety requirements of rail transport.
  • Defence & Aerospace:
    Steel billets are used in the production of Armor plating, structural parts, and weapon systems where high strength and reliability are paramount.
  • General Manufacturing:
    Steel billets are processed into a wide range of finished goods including fasteners, valves, fittings, and tools used in various industrial and consumer applications.

Historically, several events have caused significant fluctuations in Steel Billet prices

  • Geopolitical Tensions and Trade Policies (2022–2023): Events such as the Russia-Ukraine war disrupted steel and raw material supply chains, particularly in Eastern Europe—an important billet-producing region. Sanctions, export restrictions, and shifting trade flows further constrained supply and added to global price volatility. 
  • Energy and Raw Material Cost Inflation (2021–2022): Prices of key inputs like iron ore, coking coal, and energy (especially electricity and natural gas) rose sharply, increasing production costs for steel billets. These cost pressures were passed downstream, contributing to elevated billet prices. 
  • Post-Pandemic Economic Recovery (2020–2021): As global economies began recovering from the COVID-19 pandemic, pent-up demand for construction, manufacturing, and infrastructure development surged. This rebound drove up demand for steel billets as a primary input in long and flat steel products, leading to a notable price increase. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global steel billet price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the steel billet market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence steel billet prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely steel billet market data.

Track PriceWatch's steel billet price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: We gather information from global exchanges, industry reports, and proprietary sources to provide timely and accurate assessments. 
  • On-the-Ground Intelligence: We incorporate insights from producers, suppliers, and end-users across key production regions to offer a comprehensive view of market dynamics. 
  • Supply Chain Monitoring: We track the availability and cost of raw materials to evaluate supply conditions and price pressures. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: We monitor political and economic events that impact supply chains and the flow of steel billet production. 
  • Market Demand Shifts: Our analysis considers global shifts in industrial and consumer demand, particularly in sectors like automotive, electronics, and renewable energy. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We assess operational Steel billet production facilities and their output levels. 
  • Future Capacity Projections: We forecast future production capabilities, factoring in technological advancements and production expansions.

Demand Forecasting

  • Sectoral Demand Analysis: We evaluate demand from major sectors such as automotive catalysts, renewable energy, and electronics. 
  • Regional Demand Dynamics: We assess demand from key markets and regions, especially China, the USA, and Italy and their impact on global pricing. 

Pricing Model Development

  • Dynamic Pricing Models: Our pricing models incorporate real-time data, historical trends, and market projections. 
  • Scenario Analysis: We perform scenario-based forecasting, assessing potential market conditions under various economic, geopolitical, and technological developments.

Reporting and Client Support

  • Comprehensive Reports: We provide actionable insights, forecasting, and detailed analysis of current and future price trends. 
  • Ongoing Support: PriceWatch delivers continuous updates and expert advice tailored to your business needs.

Molecular Weight[g/mol]

CAS No

HS Code

720720

Molecular Formula

steel billet

Steel billet is a semi-finished product made from molten steel that has been cast and then shaped into rectangular or square cross-sections. It serves as a primary raw material for the production of long steel products such as rebar, wire rods, and structural steel. Known for its strength, malleability, and uniform composition, steel billet is widely used in construction, manufacturing, and engineering industries. Its high structural integrity and versatility make it essential in forging, rolling, and other metal-forming processes.

Packaging Type

Container

Grades Covered

Q235 (100*100mm) and 100*100mm

Incoterms Used

FOB Shanghai, Ex Alabama & FD Taranto

Synonym

PriceWatch Quotation Terms:

150-200 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property  Specification 
Material Grade  Carbon Steel / Alloy Steel (e.g., SAE 1006, SAE 1018, etc.) 
Standard  ASTM A29, IS 2830, EN 10025 
Size (Cross Section)  100 mm x 100 mm to 200 mm x 200 mm (or as per requirement) 
Length  6 – 12 meters (custom lengths available) 
Surface Condition  As rolled / As cast / Machined 
Tolerance  ±2 mm (length and cross section depending on standard) 
Tensile Strength  370 – 700 MPa (depending on grade) 
Yield Strength  ≥ 240 MPa (varies with grade) 
Elongation  ≥ 20% 

Applications

  • Construction & Infrastructure:
    Steel billets are a foundational raw material in the construction industry, used to manufacture rebar, beams, angles, and structural sections essential for buildings, bridges, and other infrastructure projects.
  • Automotive & Transportation:
    Steel billets are processed into components such as axles, shafts, and structural parts in vehicles, providing strength, reliability, and performance under high-stress conditions.
  • Machinery & Equipment Manufacturing:
    Billets are used to produce machine parts, tools, and mechanical components due to their excellent machinability, strength, and durability.
  • Shipbuilding & Marine Applications:
    Due to their corrosion resistance and strength, steel billets are utilized in fabricating ship hulls, frames, and marine-grade hardware.
  • Pipes & Tubes Production:
    Steel billets are rolled into seamless and welded pipes and tubes, widely used in oil & gas, water transportation, and industrial fluid systems.
  • Forging Industry:
    Billets serve as the primary feedstock for forging processes to produce gears, crankshafts, connecting rods, and other critical forged parts.
  • Railway Industry:
    Used in the production of rails, wheels, and other railway components, billets contribute to the high load bearing and safety requirements of rail transport.
  • Defence & Aerospace:
    Steel billets are used in the production of Armor plating, structural parts, and weapon systems where high strength and reliability are paramount.
  • General Manufacturing:
    Steel billets are processed into a wide range of finished goods including fasteners, valves, fittings, and tools used in various industrial and consumer applications.
Steel Billet Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for steel billet. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Raw Material Costs – Steel billets are primarily produced from iron ore, scrap steel, and other raw materials. Changes in the prices of these raw materials directly impact billet costs.

Supply and Demand – Demand from sectors like construction, automotive, and manufacturing affects billet prices. High demand or low supply pushes prices up, while oversupply can bring them down.

Manufacturing Costs – Costs related to energy, labour, maintenance, and technology in steel mills influence the final price of billets.

Global Trade Policies & Tariffs – Import/export duties, trade restrictions, and tariffs on steel or raw materials can affect billet prices in various markets.

Market Competition – The number of producers and their pricing tactics impact market rates for steel billets.

Exchange Rates – Because steel billets are traded globally, fluctuations in currency values influence pricing in different countries.

Energy Prices – Steel production is energy-intensive; changes in electricity, coal, or natural gas prices can significantly affect billet manufacturing costs.

Environmental Regulations – Compliance with environmental policies may increase operational costs, influencing steel billet prices.

The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect steel billet production costs and pricing.

Steel billet prices tend to increase with inflation, driven largely by higher raw material and energy costs in production. Additionally, ongoing demand from construction, manufacturing, and infrastructure projects supports price stability, even during periods of economic uncertainty.

PriceWatch offers a range of tools and services to track commodity prices effectively:

Real-Time Data: Access market intelligence and data on global steel billet supply chains.

Expert Analysis: Insights into market trends and potential risks.

Risk Assessment: Tools to evaluate supply chain vulnerabilities.

Benchmarking: Compare steel billet prices and sourcing practices.

Supplier Intelligence: Information on supplier reliability and financial health.

Start 30-Day Free Trial