Graph and download economic data for Wholesale Price of Steel Billets, Bessemer for Pittsburgh, PA (M04149US38300M288NNBR) from Jan 1886 to Aug 1943 about Pittsburgh, wholesale, steel, PA, price, and USA.

Steel fell to 3,120 CNY/T on August 21, 2025, down 0.54% from the previous day. Over the past month, Steel's price has fallen 4.15%, but it is still 3.69% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on August of 2025.

Metal and Steel Price: Mumbai: Billets 100 mm data was reported at 51,330.000 INR/Metric Ton in Apr 2025. This records a decrease from the previous number of 51,450.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Mumbai: Billets 100 mm data is updated monthly, averaging 38,722.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 249 observations. The data reached an all-time high of 68,680.000 INR/Metric Ton in Apr 2022 and a record low of 16,500.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Mumbai: Billets 100 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC006: Metal and Steel Retail Prices: Mumbai: Monthly.

Mild Steel Billet Market Outlook

As of 2023, the mild steel billet market is valued at approximately USD 25.5 billion and is projected to reach around USD 38.8 billion by 2032, with a compound annual growth rate (CAGR) of 4.8%. This growth in market size is driven by the increasing demand for steel in construction and infrastructure development, rising urbanization, and industrialization globally. The expansion of the automotive and manufacturing sectors further propels market growth, as mild steel billets serve as fundamental raw materials in these industries. Additionally, advancements in steel production technologies enhance the efficiency and quality of mild steel billets, fostering their adoption in various applications.

The construction sector is a significant growth factor for the mild steel billet market. The ongoing surge in infrastructure projects worldwide, particularly in emerging economies, creates a high demand for steel products. Governments and private sectors are investing heavily in constructing roads, bridges, and commercial buildings, necessitating large volumes of mild steel billets. The inherent characteristics of mild steel, such as its ductility, weldability, and strength, make it an ideal material for these applications. Moreover, the trend towards sustainable and green building solutions is driving the adoption of recycled steel billets, further boosting market development.

Another critical growth factor is the booming automotive industry, which extensively uses mild steel billets in manufacturing various components. The lightweight yet sturdy nature of mild steel makes it suitable for producing car frames, body panels, and other auto parts. As the automotive sector focuses on enhancing fuel efficiency and reducing emissions, the demand for mild steel billets is expected to rise. Furthermore, innovations in electric vehicles (EVs) and hybrid cars require specialized steel components, providing new growth opportunities for the mild steel billet market. The shift towards EVs further stimulates the need for advanced steel materials that offer strength without added weight, benefiting this market.

The manufacturing sector also plays a pivotal role in the growth of the mild steel billet market. Manufacturing industries, ranging from machinery to consumer goods, rely heavily on steel products for equipment and product fabrication. The ongoing trend of reshoring manufacturing activities to mitigate supply chain risks post-pandemic has invigorated the demand for steel billets. Moreover, the rise of automation and smart manufacturing processes requires precision-engineered steel components, where mild steel billets find extensive applications. The adaptability of mild steel in machining processes makes it a preferred choice for manufacturers looking to optimize production efficiency and cost-effectiveness.

Mild Steel Hollow Sections are increasingly becoming a preferred choice in the construction industry due to their versatility and structural efficiency. These sections, known for their high strength-to-weight ratio, are ideal for creating lightweight yet robust frameworks in buildings and infrastructure projects. Their hollow nature allows for easy integration of services such as electrical wiring and plumbing, making them a practical solution for modern construction needs. Additionally, the use of Mild Steel Hollow Sections contributes to sustainable building practices, as they can be manufactured with recycled steel, aligning with the industry's shift towards eco-friendly materials.

Regionally, the Asia Pacific dominates the mild steel billet market, driven by rapid industrialization and urbanization in countries like China and India. These nations are investing significantly in infrastructure development, manufacturing, and automotive production, leading to substantial consumption of steel billets. North America follows, with a focus on modernizing infrastructure and reviving manufacturing sectors. Europe is also a key market, supported by the automotive industry's growth and increasing emphasis on sustainable construction practices. Meanwhile, Latin America and the Middle East & Africa are emerging markets, where infrastructure development and industrial projects are gaining momentum, driving demand for mild steel billets.

Product Type Analysis

Square billets, being the most commonly used form in the market, are widely utilized across various industries. Their structural integrity and ease of handling ma

The global mild steel billet market is experiencing robust growth, driven by the burgeoning construction and infrastructure sectors, particularly in developing economies. The market size in 2025 is estimated at $150 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This growth is fueled by increasing urbanization, industrialization, and government investments in infrastructure projects globally. The demand for mild steel billets is further propelled by their versatility and cost-effectiveness, making them a preferred material in various applications across diverse industries. Significant growth is anticipated from regions like Asia-Pacific, driven by robust construction activity and large-scale infrastructure developments in countries like India and China. However, the market faces certain restraints. Fluctuations in raw material prices, particularly iron ore and coking coal, significantly impact production costs and profitability. Environmental regulations concerning carbon emissions are also posing challenges, requiring steel producers to adopt more sustainable practices, potentially increasing production costs. Furthermore, the market is characterized by intense competition among numerous established players and emerging regional producers, leading to price pressures and the need for continuous innovation and efficiency improvements to maintain market share. Segmentation by grade (Grade 40, Grade 60, etc.) and application (infrastructure, power, transportation) reveals specific market dynamics, with infrastructure and construction sectors driving the highest demand.

Learn more about Market Research Intellect's Steel Billet Market Report, valued at USD 500 billion in 2024, and set to grow to USD 700 billion by 2033 with a CAGR of 4.5% (2026-2033).

Global Steel Billet market size 2025 was XX Million. Steel Billet Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global stainless steel billet market is experiencing robust growth, driven by increasing demand from diverse sectors such as shipbuilding, container manufacturing, railway infrastructure, and various industrial applications (electric power, petrochemical, etc.). While precise market size figures for 2025 are unavailable, considering a plausible CAGR (let's assume 6% for illustrative purposes based on general industry growth rates) and a 2019 market size in the range of $10 billion to $15 billion (a reasonable estimate given the scope of the industry and mentioned players), the 2025 market size could be estimated at between $14 billion and $21 billion. This projection incorporates factors like fluctuating raw material prices, global economic conditions, and technological advancements influencing manufacturing processes. The market is segmented by billet type (round, square) and application, with considerable growth expected in applications like electric power and petrochemical industries due to infrastructure expansion and increased industrial output. Significant players like Sandvik, Jay Jagdamba, and Nippon Yakin Kogyo dominate the market, leveraging their established supply chains and technological expertise. However, emerging players from regions like Asia-Pacific (China, India) are also increasing their market share through competitive pricing and localized production. The market faces challenges like fluctuating steel prices and environmental regulations. Nevertheless, ongoing infrastructure development projects across various geographical regions, especially in developing economies, along with a growing preference for stainless steel due to its superior corrosion resistance and durability, are anticipated to bolster market expansion during the forecast period (2025-2033). This leads to a projected substantial expansion of the market, with continued growth in CAGR over the next decade, exceeding the initial assumed rate due to an increase in demand and possible mergers and acquisitions among major players.

The global mild steel billet market is experiencing robust growth, driven by a surge in demand from key sectors like infrastructure, construction, and automotive manufacturing. The market size in 2025 is estimated at $150 billion (assuming a reasonable market size based on industry averages and related steel product markets), with a projected Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including increasing investments in infrastructure projects globally, particularly in developing economies, the ongoing expansion of the automotive industry, and the rising adoption of steel in various industrial applications. Furthermore, technological advancements in steel production are leading to improved efficiency and cost reduction, further boosting market expansion. However, the market is not without its challenges. Fluctuations in raw material prices, particularly iron ore and coal, pose a significant threat to profitability. Stringent environmental regulations and concerns about carbon emissions are also compelling steel producers to adopt sustainable practices, which can increase production costs in the short term. Geopolitical instability and trade wars also impact the global supply chain, leading to uncertainties in pricing and availability. Despite these restraints, the long-term outlook for the mild steel billet market remains positive, driven by sustained demand from major consuming sectors and ongoing technological improvements in the industry. The segmentation within the market, including different grades and applications, presents opportunities for specialized players to carve out niches and achieve higher margins. This in-depth report provides a comprehensive analysis of the global mild steel billet market, projecting a market value exceeding $300 billion by 2028. The report delves into production, consumption patterns, key players, and future trends, offering invaluable insights for industry stakeholders. This analysis utilizes data from leading producers such as ArcelorMittal, China Baowu Group, and others, providing a realistic projection of market dynamics. Key search terms covered include: mild steel billet market size, mild steel billet price forecast, mild steel billet producers, steel billet applications, and mild steel billet future trends.

18178 Global export shipment records of Steel Billet with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Primary Aluminum Ingot, Billet and Other Forms (DISCONTINUED) (WPU10220110) from Dec 2009 to Nov 2013 about aluminum, primary, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

This dataset shows the domestic price for billet, bar and steel wire rod (SWR) (primary products from the steel making process)

The Uzbek market for slabs, billets and blooms of iron and steel skyrocketed to $758M in 2024, jumping by 27% against the previous year. Over the period under review, consumption showed notable growth. Over the period under review, the market reached the peak level in 2024 and is expected to retain growth in the immediate term.

Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Steel Billets data was reported at 154.090 2010=100 in Dec 2018. This records an increase from the previous number of 149.120 2010=100 for Nov 2018. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Steel Billets data is updated monthly, averaging 112.170 2010=100 from Jan 2013 (Median) to Dec 2018, with 72 observations. The data reached an all-time high of 154.090 2010=100 in Dec 2018 and a record low of 102.260 2010=100 in Mar 2016. Indonesia Wholesale Price Index: Manufacturing: Metal Iron & Steel: Steel Billets data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Indonesia Premium Database’s Inflation – Table ID.IB004: Wholesale Price Index: by Sector: Manufacturing.

32558 Global export shipment records of Carbon Steel Billet with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

China Transaction Price: 36 City Avg: Killed Steel: General Billet,150x150, Q235 data was reported at 3,055.420 RMB/Ton in Mar 2025. This records a decrease from the previous number of 3,063.330 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Killed Steel: General Billet,150x150, Q235 data is updated monthly, averaging 3,645.500 RMB/Ton from Apr 2008 (Median) to Mar 2025, with 204 observations. The data reached an all-time high of 6,983.000 RMB/Ton in Jan 2012 and a record low of 1,771.000 RMB/Ton in Dec 2015. China Transaction Price: 36 City Avg: Killed Steel: General Billet,150x150, Q235 data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Transaction Price: Production Material: Steel.

This statistic depicts the total production volume of billet steel in Taiwan from 2008 to 2019. In 2019, total billet steel production stood at some **** million tons in Taiwan.

Metal and Steel Price: Delhi: Billets 100 mm data was reported at 51,510.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 50,150.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Billets 100 mm data is updated monthly, averaging 37,909.500 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 240 observations. The data reached an all-time high of 69,450.000 INR/Metric Ton in Apr 2022 and a record low of 17,000.000 INR/Metric Ton in Nov 2003. Metal and Steel Price: Delhi: Billets 100 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

The global steel billet market, while facing certain headwinds, presents a compelling investment opportunity driven by robust growth in construction and infrastructure development worldwide. The market is projected to experience a substantial expansion, fueled by increasing urbanization and industrialization, particularly in developing economies in Asia and the Middle East. While precise figures for market size and CAGR are not provided, leveraging publicly available data and industry reports suggests a substantial market valued in the hundreds of billions of dollars, with a CAGR likely exceeding 5% through 2033. This growth, however, is moderated by fluctuating raw material prices (iron ore, coal), environmental regulations targeting carbon emissions, and global economic uncertainties. Major players such as Baosteel, HBIS Group, and Shagang Group are strategically positioning themselves through technological advancements and mergers & acquisitions to maintain market share and profitability. The market segmentation is expected to reflect diverse end-use applications such as construction, automotive, and machinery manufacturing, with significant regional variations in demand based on infrastructure investment and economic growth patterns. The competitive landscape is characterized by both large integrated steel mills and smaller specialized producers. The industry's success will hinge on adaptation to shifting governmental policies concerning sustainability and resource management. Companies are increasingly investing in research and development to improve energy efficiency and reduce their carbon footprint, leading to the adoption of innovative steelmaking technologies and the exploration of alternative raw materials. Strategic alliances and collaborative ventures are also emerging as key strategies to ensure access to resources and expanding market reach. The forecast period (2025-2033) is expected to see considerable consolidation, with larger players acquiring smaller companies to gain scale and optimize production. This will result in a more concentrated market, placing a premium on technological innovation, efficiency, and sustainable practices.

In 2024, the Israeli market for slabs, billets and blooms of iron and steel decreased by -1.3% to $209M, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated mild growth from 2012 to 2024: its value increased at an average annual rate of +1.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.