Latest Update in the SMM Steel Billet Market

Simultaneously, anti-dumping investigations against billets are also increasing. For example, in June this year, Pakistan initiated a sunset review anti-dumping investigation on Chinese continuous casting billet products, and in September, Egypt initiated a safeguard investigation on imported steel billets. If the volume of domestic billets going overseas increases again, they may face more anti-dumping investigations, putting pressure on the sustainable development of billet exports

Based on data compiled by SMM from the General Administration of Customs, in terms of export destinations, Indonesia ranked first in the cumulative total steel billet export volume from January to July 2025, with a total of 1.154 million mt, accounting for 15% of the total steel billet export volume. The Philippines followed with an export volume of 988,600 mt, accounting for 13% of the total. Turkey ranked third with 646,400 mt, accounting for 9% of the total.