Billet & Slab Prices, News and Analysis
SteelOrbis is the primary information source preferred by thousands of firms for its up-to-date billet and slab prices, billet and slab market analyses and news, as it closely follows the main billet and slab markets such as the CIS and China. Used as a reference by key market players and accepted as the best in its field, the SteelOrbis Billet and Slab Prices page allows you to take a major step forward in your trading activities.
Daily Billet & Slab Prices
| Date | Avg. Price | Change (%) |
|---|---|---|
| 25/02/2026 | 445.00 USD | 0.56 |
| 24/02/2026 | 442.50 USD | 0.0 |
| 23/02/2026 | 442.50 USD | 0.0 |
| 22/02/2026 | 442.50 USD | 0.0 |
| 21/02/2026 | 442.50 USD | 0.0 |
| 20/02/2026 | 442.50 USD | 0.0 |
Billet&Slab Market Updates
Weekly Billet & Slab Prices
| Week / Year | Avg. Price | Change (%) |
|---|---|---|
| W10/2022 |  |
0 |
| W9/2022 | |
0 |
| W8/2022 | |
0 |
| W7/2022 | |
0.36 |
| W6/2022 | |
2.61 |
Billet & Slab Price Index
| Week | Avg | Change (%) |
|---|---|---|
| 16/02/2026 | |
1.520 |
| 23/02/2026 | |
0.130 |
| 02/03/2026 | |
1.540 |
| 09/03/2026 | |
3.000 |
| 16/03/2026 | |
1.300 |
Global Billet & Slab Market Overview
Billet and slab are the primary semi-finished steel products feeding long and flat steel production, respectively. Global pricing frameworks for these products are closely linked to electric arc furnace (EAF) and blast furnace (BF) operating strategies, construction and manufacturing demand, and regional trade flows across Turkey, Asia, and the CIS.
Billet is primarily used to produce rebar, wire rod, and merchant bar products, making its pricing heavily influenced by construction-driven long steel demand. Slab, on the other hand, is processed into hot-rolled coil, plate, and downstream flat steel products, resulting in closer alignment with industrial and automotive consumption.
SteelOrbis closely follows these core markets particularly Turkey import billet, Asia import slab, and Russia export billet flows providing real-time insights into global steel production cost structures and trade competitiveness.
Annual Billet & Slab Price Trends (2019-2024)
| Year | Import billet prices in Turkey ($/mt CFR) | Import slab prices in Asia ($/mt CFR) | Ex-Russia billet prices ($/mt FOB) |
| 2019 | $ 427.8 | $ 406.4 | - |
| 2020 | $ 418.4 | $ 442.2 | - |
| 2021 | $ 639.4 | $ 763.7 | - |
| 2022 | $ 633.8 | $ 635.6 | $ 581.6 |
| 2023 | $ 547.4 | $ 541.2 | $ 510.3 |
| 2024 | $ 513.6 | $ 499.9 | $ 484.5 |
Product-Specific Market Dynamics
Billet Market Fundamentals
Billet pricing is primarily driven by long steel demand, particularly in regions that rely heavily on rebar consumption such as the Middle East and North Africa. Turkey remains the key import market and global reference for billet trade flows, with import costs closely linked to scrap inputs, mill margins, and construction sector performance.
Slab Market Fundamentals
Slab pricing reflects the flat steel production landscape, with Asian buyers setting the dominant demand tone across hot-rolled coil and plate segments. Procurement strategies are influenced by industrial consumption cycles, competitive alternative supply (particularly from Brazil), and overall cost dynamics in blast furnace operations.
Factors Influencing Billet & Slab Prices
| Key Driver Category | Impact on Billet Prices | Impact on Slab Prices |
| Downstream Steel Demand | Strong link to construction cycles and rebar consumption | Driven by industrial and automotive performance through flat steel demand |
| Production Route & Costs | Scrap-based EAF cost structure makes billet highly sensitive to scrap volatility | BF/BOF economics tie slab margins to iron ore, energy, and coking coal costs |
| Regional Trade Flows | Turkey CFR benchmarks reflect deep-sea billet import competitiveness | Asia CFR slab pricing signals flat product mill buying appetite |
| Freight & Logistics Conditions | Higher freight rates raise landed import costs into Turkey | Capesize volatility affects delivered slab cost into Asian ports |
| Geopolitical Factors | CIS-origin billet flows sensitive to sanctions and trade restrictions | Supply shifts from Brazil & CIS reshape regional premium structures |
Regional Market Highlights
Turkey - Global Billet Import Benchmark
Turkey's billet imports remain the primary reference point for global long steel trade, with landed CFR pricing directly tied to rebar competitiveness in export destinations such as the Middle East and North Africa. Procurement volumes fluctuate with construction demand, mill margin conditions, and currency volatility. Turkey's ability to shift between CIS and alternative suppliers also shapes international billet trade dynamics.
CIS - Major Billet Exporter, Shifting Trade Routes
The CIS region, led by Russia, has historically supplied significant billet tonnage to Turkey and Asia. Sanctions and evolving trade restrictions have re-routed Russian-origin flows toward more price-sensitive markets, adjusting FOB price discovery and increasing freight dependency in trade competitiveness. Supply flexibility in the region continues to influence global billet cost structures.
Asia Pacific - Slab Demand Center
Asia remains the dominant buyer of slab, driven by its large flat steel production footprint and industrial consumption cycles. Asian slab pricing reflects mill margin considerations and imported cost competitiveness, with supply often leveraged between CIS origins and Brazilian high-quality options. As downstream demand fluctuates, Asian buying strategies quickly translate into shifts in CFR slab pricing.