Billet Prices 2026: Trend, Price Index, Demand, Chart and Forecast
According to ChemAnalyst, Billet prices remained relatively firm across major global markets during the second quarter of 2026, reflecting a combination of supply-side constraints, mill operating conditions, construction-sector demand, and changes in international trade flows. Billet, a semi-finished steel product produced primarily through electric arc furnaces (EAFs) and integrated steelmaking routes, serves as an important feedstock for long steel products such as rebar, wire rod, bars, and structural sections. During Q2 2026, regional billet markets followed different trajectories. North America experienced a relatively stable pricing environment after initial gains during April and May. In Asia-Pacific (APAC), China recorded a 4.24% quarter-over-quarter increase in the Billet Price Index, while the average quarterly price stood at approximately USD 443.00/MT . Meanwhile, Russia emerged as a stronger market in Europe, with the Billet Price Index increasing by 7.62% QoQ and the a...