Who Manufactures Electrical Steel | Explore Leading Companies 2025

Code: MTA6469 Publication Date: Jul 2025

Who manufactures electrical steel?

According to 6Wresearch internal database and industry insights, the Global electrical steel market is projected to experience remarkable growth from 2025 to 2031. The market was valued at approximately USD 32.1 billion in 2024 and is expected to reach USD 52.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.01% during the forecast period.

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.

List of the manufacturers of electrical steel

1. Shandong Iron and Steel Group

Company NameShandong Iron and Steel Group
Establishment Year2008
HeadquartersJinan, 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 China’s rapidly expanding producers in the electrical steel segment.

2. POSCO

Company NamePOSCO
Establishment Year1968
HeadquartersPohang, 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.

3. ArcelorMittal

Company NameArcelorMittal
Establishment Year2006
HeadquartersLuxembourg 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.

4. Tata Steel Limited

Company NameTata Steel Limited
Establishment Year1907
HeadquartersMumbai, 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.

5. Baoshan Iron & Steel Co., Ltd. (Baosteel)

Company NameBaoshan Iron & Steel Co., Ltd. (Baosteel)
Establishment Year1978
HeadquartersShanghai, 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.

6. AK Steel (a subsidiary of Cleveland-Cliffs Inc.)

Company NameAK Steel
Establishment Year1899
HeadquartersOhio, 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.

7. JFE Steel Corporation

Company NameJFE Steel Corporation
Establishment Year2003
HeadquartersTokyo, 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.

8. Union Electric Ã…kers (part of Ampco-Pittsburgh Corp.)

Company NameUnion Electric Ã…kers (part of Ampco-Pittsburgh Corp.)
Establishment Year1800s
HeadquartersPennsylvania, USA
Official Website -

Though primarily known for forged rolls, Union Electric Ã…kers also manufactures specialty steel products including electrical steel used in industrial motor and energy markets.

9. Nippon Steel Corporation

Company NameNippon Steel Corporation
Establishment Year1950
HeadquartersTokyo, 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.

10. Thyssenkrupp Steel Europe AG

Company NameThyssenkrupp Steel Europe AG
Establishment Year1999
HeadquartersDuisburg, 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.

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