For the nondestructive inspection of steel billets, the pulse echo method is generally employed in their manufacturing process. However, for high-attenuation billets, the pulse echo method is useless owing to the low echo level, while the transmission method is expected to detect defects inside high-attenuation billets. In this study, we consider the effectiveness of ultrasonic computerized tomography (CT) using time-of-flight (TOF) measured by the transmission method compared with the pulse echo method. From the simulation and experimental results, even though it was difficult for the pulse echo method to detect defects inside high-attenuation billets, the defects could be visualized by ultrasonic CT using TOF measured by the transmission method. Therefore, ultrasonic CT using TOF measured by the transmission method is more effective for detecting defects inside high-attenuation billets than the pulse echo method.