Code: MTA6469 | Publication Date: Jul 2025 |
Mainly, this expansion is driven by the increasing demand for energy-efficient products and the growing adoption of renewable energy sources. The growth of market is also supported by advancements in electrical steel manufacturing processes and product development, which enhance product performance, efficiency, and cost-effectiveness.
Furthermore, the demand for electric vehicles (EVs) is rising with the time and hybrid vehicles is also contributing to the market's expansion, as these vehicles require efficient and lightweight materials for their electrical systems.
Company Name | Shandong Iron and Steel Group |
Establishment Year | 2008 |
Headquarters | Jinan, Shandong, China |
Official Website | - |
This Chinese steel giant produces various grades of electrical steel used in household appliances and power generation. It is one of Chinaâs rapidly expanding producers in the electrical steel segment.
Company Name | POSCO |
Establishment Year | 1968 |
Headquarters | Pohang, South Korea |
Official Website | Click Here |
POSCO is a major steel producer with a strong presence in electrical steel for the global market. It offers advanced materials for power transformers, distribution transformers, and high-speed motors.
Company Name | ArcelorMittal |
Establishment Year | 2006 |
Headquarters | Luxembourg City, Luxembourg |
Official Website | Click Here |
ArcelorMittal manufactures electrical steels with a focus on low core loss and high permeability. These materials are used in energy systems, automotive components, and appliances requiring electromagnetic efficiency.
Company Name | Tata Steel Limited |
Establishment Year | 1907 |
Headquarters | Mumbai, Maharashtra, India |
Official Website | Click Here |
Tata Steel is one of India's leading producers of non-grain-oriented electrical steel. It supplies cold-rolled electrical steel for motors, compressors, and domestic appliances in India and abroad.
Company Name | Baoshan Iron & Steel Co., Ltd. (Baosteel) |
Establishment Year | 1978 |
Headquarters | Shanghai, China |
Official Website | Click Here |
Baosteel is one of the largest producers of electrical steel in China. It provides high-performance grades for both transformers and automotive electrical systems, supporting Asia's growing electrification demand.
Company Name | AK Steel |
Establishment Year | 1899 |
Headquarters | Ohio, USA |
Official Website | - |
AK Steel is a major U.S. supplier of electrical steels, offering NGO and GO grades optimized for energy-efficient motors and transformers. It focuses on advanced materials for the automotive and electrical sectors.
Company Name | JFE Steel Corporation |
Establishment Year | 2003 |
Headquarters | Tokyo, Japan |
Official Website | Click Here |
JFE Steel is known for premium grain-oriented electrical steel and has developed ultra-thin gauge products for high-efficiency transformers. It serves industrial, utility, and EV applications globally.
Company Name | Union Electric à kers (part of Ampco-Pittsburgh Corp.) |
Establishment Year | 1800s |
Headquarters | Pennsylvania, USA |
Official Website | - |
Though primarily known for forged rolls, Union Electric à kers also manufactures specialty steel products including electrical steel used in industrial motor and energy markets.
Company Name | Nippon Steel Corporation |
Establishment Year | 1950 |
Headquarters | Tokyo, Japan |
Official Website | Click Here |
Nippon Steel is a global leader in high-grade electrical steel, offering both grain-oriented and non-grain-oriented variants. Its products are widely used in energy-efficient transformers and electric vehicle motors.
Company Name | Thyssenkrupp Steel Europe AG |
Establishment Year | 1999 |
Headquarters | Duisburg, Germany |
Official Website | Click Here |
Thyssenkrupp offers a wide range of electrical steels under its Powercore brand, including GO and NGO grades. These are used in distribution transformers, high-speed motors, and modern energy systems.