Square Billets Market Driven by Demand from Construction, Infrastructure, and Re-Rolling Mills with Focus on Low-Carbon Steelmaking and Capacity Expansion in Emerging Regions

Square Billets market reached USD 753.0 million in 2022 and is expected to reach USD 1,355.4 million by 2031 growing with a CAGR of 7.6% during the forecast period 2024-2031.

Square Billets Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.

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Square Billets Market Overview & Landscape
The square billets market is expanding steadily, driven by rising demand from construction, infrastructure, shipbuilding, and automotive industries. Square billets serve as essential semi-finished steel products used in re-rolling mills for producing structural steels, rods, and bars. Urbanization, infrastructure modernization, and increased steel recycling initiatives are supporting global billet production, particularly in emerging economies.

Square Billets Market Most Recent Key Developments (as of 2025)
March 2025 - ArcelorMittal expanded square billet production at its Ukraine plant to meet surging regional demand for long steel products in residential infrastructure projects.

May 2025 - JSW Steel commissioned a billet caster in India with a 1.2 million tons/year capacity, improving vertical integration and supply to downstream rebar mills.

June 2025 - POSCO announced the development of low-carbon square billets using hydrogen-based steelmaking technology to reduce CO2 emissions.

Strategic Players Driving the Square Billets Market Forward :

Alleima, Deutsche Nickel, Baosteel Group, Emirates Global Aluminium, Hindalco, JFE Steel Corporation, ArcelorMittal, TMK Group, EVRAZ and Gerdau.

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Segment Covered in the Square Billets Market:

By Size - 100x100 mm, 150x150 mm, 200x200 mm, Other

By Material - Carbon Steel, Alloy Steel, Stainless Steel, Aluminum, Others

By End-User - Automotive, Aerospace, Oil & Gas, Power Generation, Construction, Railways, Others

Regional Analysis for Square Billets Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Square Billets Market Research Industry:

✒ What are the primary drivers fueling growth in the Square Billets Market today?
✒ Which companies are currently leading innovation and market share in the Square Billets Market?
✒ In what ways is the current regulatory environment influencing the Square Billets Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Square Billets Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Square Billets Market?

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