The steel which is made freshly, and is still in the form of a rectangle or a metal bar, is referred to as steel billet. Steel has to be processed into more useful pieces first, before its products get sold into the market. In its pure form, raw steel will not be of any use, so it must be cast into the shape. Standard : IS 1786-2008. Steel billets are used in expulsion, fashioning, rolling, and other metal-processing operations as a raw material or feedstock. Bars, poles, and places with precise shapes are made with this material. Engineering and machining parts and components are frequently produced in forges or machine shops.