Steel Billet price December 2025 and outlook (see chart below)
- Northeast Asia:US$0.41/KG, 2.5% up
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Steel billet price index
This post is a summary of the Steel billet price developments. The price developments of Steel billet are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Steel billet price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Steel billet prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Steel billet prices
- Recent price developments of underlying feedstocks which drive the price of Steel billet
- Market futures for both cost drives and feedstocks of Steel billet prices
- Adjustment of current supply/demand imbalances in the Steel billet market
- Longer term trends in likely demand conditions
Further information on the steel billet price index
According to https://oec.world/ :
Iron and steel are the world’s 10th most traded product.
In 2020, the top exporters of Iron and steel were China ($33.8B), Japan ($23.4B), Germany ($22B), South Korea ($20.4B), and Russia ($16.2B).
In 2020, the top importers of Iron and steel were China ($34.4B), Germany ($20.5B), United States ($18.7B), Italy ($14.2B), and Turkey ($14B).