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
Market Structure
Global Electrical Steels Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
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
The report provides an overview of the global Electrical Steels market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Electrical Steels and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Electrical Steels sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Electrical Steels market size, projected growth trends, production technologies, key applications, and end-use industries.
Electrical Steels Segment 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
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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: Provides an overview of the Electrical Steels market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Electrical Steels industry.
Chapter 3: Detailed analysis of Electrical Steels market competition landscape. Including Electrical Steels manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: 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 5: 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 6: 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 7: Production/Production Value of Electrical Steels by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Electrical Steels Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Electrical Steels Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Electrical Steels Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Electrical Steels 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 Electrical Steels Market by Manufacturers
- 3.1 Global Electrical Steels Production Value by Manufacturers (2021-2026)
- 3.2 Global Electrical Steels Production 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 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 Production Value in 2025
- 3.8.3 2025 Electrical Steels Tier 1, Tier 2, and Tier 3
4 Electrical Steels Market by Type
- 4.1 Electrical Steels Type Introduction
- 4.1.1 Oriented Electrical Steels
- 4.1.2 Non-Oriented Electrical Steels
- 4.2 Global Electrical Steels Production by Type
- 4.2.1 Global Electrical Steels Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Electrical Steels Production by Type (2021-2032)
- 4.2.3 Global Electrical Steels Production Market Share by Type (2021-2032)
- 4.3 Global Electrical Steels Production Value by Type
- 4.3.1 Global Electrical Steels Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Electrical Steels Production Value by Type (2021-2032)
- 4.3.3 Global Electrical Steels Production Value Market Share by Type (2021-2032)
5 Electrical Steels Market by Application
- 5.1 Electrical Steels Application Introduction
- 5.1.1 Transformer
- 5.1.2 Power Generator
- 5.1.3 Electric Motor
- 5.1.4 Others
- 5.2 Global Electrical Steels Production by Application
- 5.2.1 Global Electrical Steels Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Electrical Steels Production by Application (2021-2032)
- 5.2.3 Global Electrical Steels Production Market Share by Application (2021-2032)
- 5.3 Global Electrical Steels Production Value by Application
- 5.3.1 Global Electrical Steels Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Electrical Steels Production Value by Application (2021-2032)
- 5.3.3 Global Electrical Steels Production Value Market Share by Application (2021-2032)
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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value 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 Production, Value and Gross Margin (2021-2026)
- 6.20.4 ATI Metals Electrical Steels Product Portfolio
- 6.20.5 ATI Metals Recent Developments
7 Global Electrical Steels Production by Region
- 7.1 Global Electrical Steels Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Electrical Steels Production by Region (2021-2032)
- 7.2.1 Global Electrical Steels Production by Region (2021-2026)
- 7.2.2 Global Electrical Steels Production Forecast by Region (2027-2032)
- 7.3 Global Electrical Steels Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Electrical Steels Production Value by Region (2021-2032)
- 7.4.1 Global Electrical Steels Production Value by Region (2021-2026)
- 7.4.2 Global Electrical Steels Production Value by Region (2027-2032)
- 7.5 Global Electrical Steels Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Electrical Steels Production Value (2021-2032)
- 7.6.2 Europe Electrical Steels Production Value (2021-2032)
- 7.6.3 Asia-Pacific Electrical Steels Production Value (2021-2032)
- 7.6.4 South America Electrical Steels Production Value (2021-2032)
- 7.6.5 Middle East & Africa Electrical Steels Production Value (2021-2032)
8 Global Electrical Steels Consumption by Region
- 8.1 Global Electrical Steels Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Electrical Steels Consumption by Region (2021-2032)
- 8.2.1 Global Electrical Steels Consumption by Region (2021-2026)
- 8.2.2 Global Electrical Steels Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Electrical Steels Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Electrical Steels Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Electrical Steels Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Electrical Steels Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Electrical Steels Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Electrical Steels Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 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 Manufacturing Cost Structure
- 9.1.4 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 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst