APO RESEARCH · REPORT
Electrical Steels
Electrical steel is an iron-based sheet material manufactured for magnetic performance in electrical machines.

Product & engineering
Understand the product.
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
Grain-oriented grades favour a defined magnetisation direction; non-oriented grades serve varying magnetic directions. Thickness and magnetic loss affect core design.
Insulating coating and lamination reduce inter-sheet currents. Cutting, forming and stress can change losses in the assembled core.
What turns activity into demand
Evaluate sheet data alongside cutting and assembly effects. Separate electrical steel sheet mass from finished laminations and complete machines.
The commercial boundary
Separate electrical steel sheet mass from finished laminations and complete machines.
Technical reading
Selected research
Industry Growth & Trends
Global Electrical Steels Industry Growth and Trends Forecast to 2032
Market perspective
Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel sheet: grain-oriented electrical steel sheet and non-oriented electrical steel sheet, and they are used for different applications. In this report we researched the two types of steel sheet respectively. Market competition is JFE Steel, NLMK Group, Posco, NSSMC, ThyssenKrupp, AK Steel, Nucor, Voestalpine, TATA Steel, ArcelorMittal, CSC, WISCO, Baosteel, Ansteel, Shougang, Benxi Steel, TISCO, Masteel, Stalprodukt S.A., ATI, are the leaders of the industry, and they hold key technologies and patents, with high-end customers.
The global electrical Steel market is dominated by Baowu, ArcelorMittal, JFE Steel, Shougang, NSMC, NLMK Group, etc. The top six manufacturers account for about 55% of the market share.
China is the largest market for electrical steel with a market share of about 50%, followed by Europe with a market share of about 20%.
Read the full market overview
Report Scope
This report provides a structured, data-driven view of the global Electrical Steels market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Electrical Steels market size, estimates, and forecasts are presented in terms of sales volume (K MT) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Electrical Steels market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Electrical Steels.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Electrical Steels market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Electrical Steels Market by Company
Baowu Group
AK Steel
Ansteel
ArcelorMittal
Benxi Iron & Steel (Group)
CSC
JFE Steel
Nippon Steel Corporation
NLMK Group
Posco
Shougang Group
Stalprodukt S.A.
TATA Steel
ThyssenKrupp
TISCO
Voestalpine
Masteel
APERAM
Nucor
ATI Metals
Electrical Steels Segment by Type
Oriented Electrical Steels
Non-Oriented Electrical Steels
Electrical Steels Segment by Application
Transformer
Power Generator
Electric Motor
Others
Electrical Steels Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electrical Steels market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electrical Steels and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electrical Steels.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electrical Steels manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electrical Steels in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Oriented Electrical Steels
- Non-Oriented Electrical Steels
Applications
- Transformer
- Power Generator
- Electric Motor
- Others
Companies covered
- Baowu Group
- AK Steel
- Ansteel
- ArcelorMittal
- Benxi Iron & Steel (Group)
- CSC
- JFE Steel
- Nippon Steel Corporation
- NLMK Group
- Posco
- Shougang Group
- Stalprodukt S.A.
- TATA Steel
- ThyssenKrupp
- TISCO
- Voestalpine
- Masteel
- APERAM
- Nucor
- ATI Metals
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Electrical Steels Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Electrical Steels Sales Estimates and Forecasts (2021-2032)
- 1.3 Electrical Steels Market by Type
- 1.3.1 Oriented Electrical Steels
- 1.3.2 Non-Oriented Electrical Steels
- 1.4 Global Electrical Steels Market Size by Type
- 1.4.1 Global Electrical Steels Market Size Overview by Type (2021-2032)
- 1.4.2 Global Electrical Steels Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Electrical Steels Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Electrical Steels Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Electrical Steels Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Electrical Steels Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Electrical Steels Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Electrical Steels Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Electrical Steels Industry Trends
- 2.2 Electrical Steels Industry Drivers
- 2.3 Electrical Steels Industry Opportunities and Challenges
- 2.4 Electrical Steels Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Electrical Steels Revenue (2021-2026)
- 3.2 Global Top Players by Electrical Steels Sales (2021-2026)
- 3.3 Global Top Players by Electrical Steels Price (2021-2026)
- 3.4 Global Electrical Steels Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electrical Steels Major Company Production Sites & Headquarters
- 3.6 Global Electrical Steels Company, Product Type & Application
- 3.7 Global Electrical Steels Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Electrical Steels Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Electrical Steels Players Market Share by Revenue in 2025
- 3.8.3 2025 Electrical Steels Tier 1, Tier 2, and Tier 3
4 Electrical Steels Regional Status and Outlook
- 4.1 Global Electrical Steels Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Electrical Steels Historic Market Size by Region
- 4.2.1 Global Electrical Steels Sales in Volume by Region (2021-2026)
- 4.2.2 Global Electrical Steels Sales in Value by Region (2021-2026)
- 4.2.3 Global Electrical Steels Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Electrical Steels Forecasted Market Size by Region
- 4.3.1 Global Electrical Steels Sales in Volume by Region (2027-2032)
- 4.3.2 Global Electrical Steels Sales in Value by Region (2027-2032)
- 4.3.3 Global Electrical Steels Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Electrical Steels by Application
- 5.1 Electrical Steels Market by Application
- 5.1.1 Transformer
- 5.1.2 Power Generator
- 5.1.3 Electric Motor
- 5.1.4 Others
- 5.2 Global Electrical Steels Market Size by Application
- 5.2.1 Global Electrical Steels Market Size Overview by Application (2021-2032)
- 5.2.2 Global Electrical Steels Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Electrical Steels Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Electrical Steels Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Electrical Steels Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Electrical Steels Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Electrical Steels Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Electrical Steels Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Baowu Group
- 6.1.1 Baowu Group Company Information
- 6.1.2 Baowu Group Business Overview
- 6.1.3 Baowu Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Baowu Group Electrical Steels Product Portfolio
- 6.1.5 Baowu Group Recent Developments
- 6.2 AK Steel
- 6.2.1 AK Steel Company Information
- 6.2.2 AK Steel Business Overview
- 6.2.3 AK Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 AK Steel Electrical Steels Product Portfolio
- 6.2.5 AK Steel Recent Developments
- 6.3 Ansteel
- 6.3.1 Ansteel Company Information
- 6.3.2 Ansteel Business Overview
- 6.3.3 Ansteel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Ansteel Electrical Steels Product Portfolio
- 6.3.5 Ansteel Recent Developments
- 6.4 ArcelorMittal
- 6.4.1 ArcelorMittal Company Information
- 6.4.2 ArcelorMittal Business Overview
- 6.4.3 ArcelorMittal Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 ArcelorMittal Electrical Steels Product Portfolio
- 6.4.5 ArcelorMittal Recent Developments
- 6.5 Benxi Iron & Steel (Group)
- 6.5.1 Benxi Iron & Steel (Group) Company Information
- 6.5.2 Benxi Iron & Steel (Group) Business Overview
- 6.5.3 Benxi Iron & Steel (Group) Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Benxi Iron & Steel (Group) Electrical Steels Product Portfolio
- 6.5.5 Benxi Iron & Steel (Group) Recent Developments
- 6.6 CSC
- 6.6.1 CSC Company Information
- 6.6.2 CSC Business Overview
- 6.6.3 CSC Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 CSC Electrical Steels Product Portfolio
- 6.6.5 CSC Recent Developments
- 6.7 JFE Steel
- 6.7.1 JFE Steel Company Information
- 6.7.2 JFE Steel Business Overview
- 6.7.3 JFE Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 JFE Steel Electrical Steels Product Portfolio
- 6.7.5 JFE Steel Recent Developments
- 6.8 Nippon Steel Corporation
- 6.8.1 Nippon Steel Corporation Company Information
- 6.8.2 Nippon Steel Corporation Business Overview
- 6.8.3 Nippon Steel Corporation Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Nippon Steel Corporation Electrical Steels Product Portfolio
- 6.8.5 Nippon Steel Corporation Recent Developments
- 6.9 NLMK Group
- 6.9.1 NLMK Group Company Information
- 6.9.2 NLMK Group Business Overview
- 6.9.3 NLMK Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 NLMK Group Electrical Steels Product Portfolio
- 6.9.5 NLMK Group Recent Developments
- 6.10 Posco
- 6.10.1 Posco Company Information
- 6.10.2 Posco Business Overview
- 6.10.3 Posco Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Posco Electrical Steels Product Portfolio
- 6.10.5 Posco Recent Developments
- 6.11 Shougang Group
- 6.11.1 Shougang Group Company Information
- 6.11.2 Shougang Group Business Overview
- 6.11.3 Shougang Group Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Shougang Group Electrical Steels Product Portfolio
- 6.11.5 Shougang Group Recent Developments
- 6.12 Stalprodukt S.A.
- 6.12.1 Stalprodukt S.A. Company Information
- 6.12.2 Stalprodukt S.A. Business Overview
- 6.12.3 Stalprodukt S.A. Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Stalprodukt S.A. Electrical Steels Product Portfolio
- 6.12.5 Stalprodukt S.A. Recent Developments
- 6.13 TATA Steel
- 6.13.1 TATA Steel Company Information
- 6.13.2 TATA Steel Business Overview
- 6.13.3 TATA Steel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 TATA Steel Electrical Steels Product Portfolio
- 6.13.5 TATA Steel Recent Developments
- 6.14 ThyssenKrupp
- 6.14.1 ThyssenKrupp Company Information
- 6.14.2 ThyssenKrupp Business Overview
- 6.14.3 ThyssenKrupp Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 ThyssenKrupp Electrical Steels Product Portfolio
- 6.14.5 ThyssenKrupp Recent Developments
- 6.15 TISCO
- 6.15.1 TISCO Company Information
- 6.15.2 TISCO Business Overview
- 6.15.3 TISCO Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 TISCO Electrical Steels Product Portfolio
- 6.15.5 TISCO Recent Developments
- 6.16 Voestalpine
- 6.16.1 Voestalpine Company Information
- 6.16.2 Voestalpine Business Overview
- 6.16.3 Voestalpine Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Voestalpine Electrical Steels Product Portfolio
- 6.16.5 Voestalpine Recent Developments
- 6.17 Masteel
- 6.17.1 Masteel Company Information
- 6.17.2 Masteel Business Overview
- 6.17.3 Masteel Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Masteel Electrical Steels Product Portfolio
- 6.17.5 Masteel Recent Developments
- 6.18 APERAM
- 6.18.1 APERAM Company Information
- 6.18.2 APERAM Business Overview
- 6.18.3 APERAM Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 APERAM Electrical Steels Product Portfolio
- 6.18.5 APERAM Recent Developments
- 6.19 Nucor
- 6.19.1 Nucor Company Information
- 6.19.2 Nucor Business Overview
- 6.19.3 Nucor Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Nucor Electrical Steels Product Portfolio
- 6.19.5 Nucor Recent Developments
- 6.20 ATI Metals
- 6.20.1 ATI Metals Company Information
- 6.20.2 ATI Metals Business Overview
- 6.20.3 ATI Metals Electrical Steels Sales, Revenue and Gross Margin (2021-2026)
- 6.20.4 ATI Metals Electrical Steels Product Portfolio
- 6.20.5 ATI Metals Recent Developments
7 North America by Country
- 7.1 North America Electrical Steels Sales by Country
- 7.1.1 North America Electrical Steels Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Electrical Steels Sales by Country (2021-2026)
- 7.1.3 North America Electrical Steels Sales Forecast by Country (2027-2032)
- 7.2 North America Electrical Steels Market Size by Country
- 7.2.1 North America Electrical Steels Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Electrical Steels Market Size by Country (2021-2026)
- 7.2.3 North America Electrical Steels Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Electrical Steels Sales by Country
- 8.1.1 Europe Electrical Steels Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Electrical Steels Sales by Country (2021-2026)
- 8.1.3 Europe Electrical Steels Sales Forecast by Country (2027-2032)
- 8.2 Europe Electrical Steels Market Size by Country
- 8.2.1 Europe Electrical Steels Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Electrical Steels Market Size by Country (2021-2026)
- 8.2.3 Europe Electrical Steels Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Electrical Steels Sales by Country
- 9.1.1 Asia-Pacific Electrical Steels Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Electrical Steels Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Electrical Steels Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Electrical Steels Market Size by Country
- 9.2.1 Asia-Pacific Electrical Steels Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Electrical Steels Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Electrical Steels Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Electrical Steels Sales by Country
- 10.1.1 South America Electrical Steels Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Electrical Steels Sales by Country (2021-2026)
- 10.1.3 South America Electrical Steels Sales Forecast by Country (2027-2032)
- 10.2 South America Electrical Steels Market Size by Country
- 10.2.1 South America Electrical Steels Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Electrical Steels Market Size by Country (2021-2026)
- 10.2.3 South America Electrical Steels Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Electrical Steels Sales by Country
- 11.1.1 Middle East and Africa Electrical Steels Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Electrical Steels Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Electrical Steels Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Electrical Steels Market Size by Country
- 11.2.1 Middle East and Africa Electrical Steels Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Electrical Steels Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Electrical Steels Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Electrical Steels Value Chain Analysis
- 12.1.1 Electrical Steels Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Electrical Steels Production Mode & Process
- 12.2 Electrical Steels Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Electrical Steels Distributors
- 12.2.3 Electrical Steels Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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