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 Research
Electrical Steels Industry Research Report 2026
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 quantifies the global Electrical Steels market in revenue (US$ million) and, where applicable, sales volume (K MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/K MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Electrical Steels.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Electrical Steels manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Electrical Steels by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Electrical Steels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Electrical Steels by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Oriented Electrical Steels
- 2.2.3 Non-Oriented Electrical Steels
- 2.3 Electrical Steels by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Transformer
- 2.3.3 Power Generator
- 2.3.4 Electric Motor
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Electrical Steels Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Electrical Steels Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Electrical Steels Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Electrical Steels Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Electrical Steels Production by Manufacturers (2021-2026)
- 3.2 Global Electrical Steels Production Value by Manufacturers (2021-2026)
- 3.3 Global Electrical Steels Average Price by Manufacturers (2021-2026)
- 3.4 Global Electrical Steels Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Electrical Steels Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Electrical Steels Manufacturers, Product Type & Application
- 3.7 Global Electrical Steels Manufacturers Established Date
- 3.8 Global Electrical Steels Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Baowu Group
- 4.1.1 Baowu Group Electrical Steels Company Information
- 4.1.2 Baowu Group Electrical Steels Business Overview
- 4.1.3 Baowu Group Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.1.4 Baowu Group Product Portfolio
- 4.1.5 Baowu Group Recent Developments
- 4.2 AK Steel
- 4.2.1 AK Steel Electrical Steels Company Information
- 4.2.2 AK Steel Electrical Steels Business Overview
- 4.2.3 AK Steel Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.2.4 AK Steel Product Portfolio
- 4.2.5 AK Steel Recent Developments
- 4.3 Ansteel
- 4.3.1 Ansteel Electrical Steels Company Information
- 4.3.2 Ansteel Electrical Steels Business Overview
- 4.3.3 Ansteel Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.3.4 Ansteel Product Portfolio
- 4.3.5 Ansteel Recent Developments
- 4.4 ArcelorMittal
- 4.4.1 ArcelorMittal Electrical Steels Company Information
- 4.4.2 ArcelorMittal Electrical Steels Business Overview
- 4.4.3 ArcelorMittal Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.4.4 ArcelorMittal Product Portfolio
- 4.4.5 ArcelorMittal Recent Developments
- 4.5 Benxi Iron & Steel (Group)
- 4.5.1 Benxi Iron & Steel (Group) Electrical Steels Company Information
- 4.5.2 Benxi Iron & Steel (Group) Electrical Steels Business Overview
- 4.5.3 Benxi Iron & Steel (Group) Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.5.4 Benxi Iron & Steel (Group) Product Portfolio
- 4.5.5 Benxi Iron & Steel (Group) Recent Developments
- 4.6 CSC
- 4.6.1 CSC Electrical Steels Company Information
- 4.6.2 CSC Electrical Steels Business Overview
- 4.6.3 CSC Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.6.4 CSC Product Portfolio
- 4.6.5 CSC Recent Developments
- 4.7 JFE Steel
- 4.7.1 JFE Steel Electrical Steels Company Information
- 4.7.2 JFE Steel Electrical Steels Business Overview
- 4.7.3 JFE Steel Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.7.4 JFE Steel Product Portfolio
- 4.7.5 JFE Steel Recent Developments
- 4.8 Nippon Steel Corporation
- 4.8.1 Nippon Steel Corporation Electrical Steels Company Information
- 4.8.2 Nippon Steel Corporation Electrical Steels Business Overview
- 4.8.3 Nippon Steel Corporation Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.8.4 Nippon Steel Corporation Product Portfolio
- 4.8.5 Nippon Steel Corporation Recent Developments
- 4.9 NLMK Group
- 4.9.1 NLMK Group Electrical Steels Company Information
- 4.9.2 NLMK Group Electrical Steels Business Overview
- 4.9.3 NLMK Group Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.9.4 NLMK Group Product Portfolio
- 4.9.5 NLMK Group Recent Developments
- 4.10 Posco
- 4.10.1 Posco Electrical Steels Company Information
- 4.10.2 Posco Electrical Steels Business Overview
- 4.10.3 Posco Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.10.4 Posco Product Portfolio
- 4.10.5 Posco Recent Developments
- 4.11 Shougang Group
- 4.11.1 Shougang Group Electrical Steels Company Information
- 4.11.2 Shougang Group Electrical Steels Business Overview
- 4.11.3 Shougang Group Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.11.4 Shougang Group Product Portfolio
- 4.11.5 Shougang Group Recent Developments
- 4.12 Stalprodukt S.A.
- 4.12.1 Stalprodukt S.A. Electrical Steels Company Information
- 4.12.2 Stalprodukt S.A. Electrical Steels Business Overview
- 4.12.3 Stalprodukt S.A. Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.12.4 Stalprodukt S.A. Product Portfolio
- 4.12.5 Stalprodukt S.A. Recent Developments
- 4.13 TATA Steel
- 4.13.1 TATA Steel Electrical Steels Company Information
- 4.13.2 TATA Steel Electrical Steels Business Overview
- 4.13.3 TATA Steel Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.13.4 TATA Steel Product Portfolio
- 4.13.5 TATA Steel Recent Developments
- 4.14 ThyssenKrupp
- 4.14.1 ThyssenKrupp Electrical Steels Company Information
- 4.14.2 ThyssenKrupp Electrical Steels Business Overview
- 4.14.3 ThyssenKrupp Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.14.4 ThyssenKrupp Product Portfolio
- 4.14.5 ThyssenKrupp Recent Developments
- 4.15 TISCO
- 4.15.1 TISCO Electrical Steels Company Information
- 4.15.2 TISCO Electrical Steels Business Overview
- 4.15.3 TISCO Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.15.4 TISCO Product Portfolio
- 4.15.5 TISCO Recent Developments
- 4.16 Voestalpine
- 4.16.1 Voestalpine Electrical Steels Company Information
- 4.16.2 Voestalpine Electrical Steels Business Overview
- 4.16.3 Voestalpine Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.16.4 Voestalpine Product Portfolio
- 4.16.5 Voestalpine Recent Developments
- 4.17 Masteel
- 4.17.1 Masteel Electrical Steels Company Information
- 4.17.2 Masteel Electrical Steels Business Overview
- 4.17.3 Masteel Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.17.4 Masteel Product Portfolio
- 4.17.5 Masteel Recent Developments
- 4.18 APERAM
- 4.18.1 APERAM Electrical Steels Company Information
- 4.18.2 APERAM Electrical Steels Business Overview
- 4.18.3 APERAM Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.18.4 APERAM Product Portfolio
- 4.18.5 APERAM Recent Developments
- 4.19 Nucor
- 4.19.1 Nucor Electrical Steels Company Information
- 4.19.2 Nucor Electrical Steels Business Overview
- 4.19.3 Nucor Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.19.4 Nucor Product Portfolio
- 4.19.5 Nucor Recent Developments
- 4.20 ATI Metals
- 4.20.1 ATI Metals Electrical Steels Company Information
- 4.20.2 ATI Metals Electrical Steels Business Overview
- 4.20.3 ATI Metals Electrical Steels Production, Value and Gross Margin (2021-2026)
- 4.20.4 ATI Metals Product Portfolio
- 4.20.5 ATI Metals Recent Developments
5 Global Electrical Steels Production by Region
- 5.1 Global Electrical Steels Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Electrical Steels Production by Region: 2021-2032
- 5.2.1 Global Electrical Steels Production by Region: 2021-2026
- 5.2.2 Global Electrical Steels Production Forecast by Region (2027-2032)
- 5.3 Global Electrical Steels Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Electrical Steels Production Value by Region: 2021-2032
- 5.4.1 Global Electrical Steels Production Value by Region: 2021-2026
- 5.4.2 Global Electrical Steels Production Value Forecast by Region (2027-2032)
- 5.5 Global Electrical Steels Market Price Analysis by Region (2021-2026)
- 5.6 Global Electrical Steels Production and Value, YOY Growth
- 5.6.1 North America Electrical Steels Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Electrical Steels Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Electrical Steels Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Electrical Steels Production Value Estimates and Forecasts (2021-2032)
6 Global Electrical Steels Consumption by Region
- 6.1 Global Electrical Steels Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Electrical Steels Consumption by Region (2021-2032)
- 6.2.1 Global Electrical Steels Consumption by Region: 2021-2026
- 6.2.2 Global Electrical Steels Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Electrical Steels Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Electrical Steels Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Electrical Steels Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Electrical Steels Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Electrical Steels Production by Type (2021-2032)
- 7.1.1 Global Electrical Steels Production by Type (2021-2032) & (K MT)
- 7.1.2 Global Electrical Steels Production Market Share by Type (2021-2032)
- 7.2 Global Electrical Steels Production Value by Type (2021-2032)
- 7.2.1 Global Electrical Steels Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Electrical Steels Production Value Market Share by Type (2021-2032)
- 7.3 Global Electrical Steels Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Electrical Steels Production by Application (2021-2032)
- 8.1.1 Global Electrical Steels Production by Application (2021-2032) & (K MT)
- 8.1.2 Global Electrical Steels Production Market Share by Application (2021-2032)
- 8.2 Global Electrical Steels Production Value by Application (2021-2032)
- 8.2.1 Global Electrical Steels Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Electrical Steels Production Value Market Share by Application (2021-2032)
- 8.3 Global Electrical Steels Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Electrical Steels Value Chain Analysis
- 9.1.1 Electrical Steels Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Electrical Steels Production Mode & Process
- 9.2 Electrical Steels Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Electrical Steels Distributors
- 9.2.3 Electrical Steels Customers
10 Global Electrical Steels Analyzing Market Dynamics
- 10.1 Electrical Steels Industry Trends
- 10.2 Electrical Steels Industry Drivers
- 10.3 Electrical Steels Industry Opportunities and Challenges
- 10.4 Electrical Steels Industry Restraints
11 Report Conclusion
12 Disclaimer
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