How Top 15 Non-grain Oriented Electrical Steel Manufacturers are serving the Electric Vehicle Space?

Non-grain-oriented electrical steel is often called silicon steel or lamination steel. This specialty steel is fabricated to provide magnetic attributes, including low loss of hysteresis and high permeability to electrical uses. Growing urbanization, infrastructure development, and demand for electricity across the globe are bolstering product adoption and impelling market growth.

As per a report by Fortune Business Insights™, the market for non-grain oriented electrical steel reached USD 17.39 billion in 2023 and is set to reach USD 26.88 billion by 2032 with a CAGR of 5.0%. The market is also set to value at USD 18.15 billion in 2024 and was valued at USD 17.39 billion in 2023. 

The top 15 non-grain-oriented electrical steel manufacturers are emphasizing the expansion of their businesses in the construction industry to enhance their position. Nucor Corporation, ThyssenKrupp Steel Europe, Nippon Steel Corporation, and ArcelorMittal are some of the major companies in the market. They are involved in collaborations, capacity improvement, acquisitions, and product innovations.

Fortune Business Insights™ Profiles Top 15 Key Manufacturers in the Non-grain Oriented Electrical Steel Market

Benxi Steel Group Co., Ltd.

Benxi Steel Group Co., Ltd. has been operational as a subsidiary of Ansteel Group since 2021. The company is engaged in steel production and mining and mainly conducts its business through steel products. It provides a diverse array of steel products, such as cold rolling sheets, electric steel, and hot-tolled sheets, that have exceptional specifications for various applications, including general motors, EI chip transformers, and small precision motors. It also provides fluorine resistance and SGS-certified electric steel products that have extraordinary specifications for end-use applications, including household appliances and motors.

CSC Steel Sdn. Bhd.

CSC Steel Sdn. Bhd., previously called Ornasteel Enterprise Corporation (M) Sdn. Bhd., is engaged in the manufacturing of steel and electric steel products. It provides different steel products, such as pickled and oiled steel coils (CR), pre-painted steel coils, and cold rolled steel coils (CR) for end-use industries, including electrical and automotive. The company also provides non-oriented steel that is deployed in different applications, such as large industrial motors, small & medium-sized transformers, and oil-controlled motors.

Tata Steel

Tata Steel is a steel manufacturer and Tata Group subsidiary. It is well-known as a prominent top non-grain oriented electrical steel manufacturer and steel sustainability player by the World Steel Association. The company is present in Europe, Latin America, the Asia Pacific, North America, and the Middle East & Africa. Its steel production capacity in Southeast Asia, Europe, and India is inclusive of 2.2, 12.4, and 20.0 tons per annum, respectively. It is one of the top non-grain oriented electrical steel manufacturers with nearly 34 million tons per annum of steel. It provides non-oriented grain electrical steel for automotive and electrical industries.

Nucor Corporation

One of the top non-grain oriented electrical steel manufacturers, Nucor Corporation is a steel products and steel manufacturer and is mainly engaged in nuclear and automobile services. The company’s major three business segments include raw materials, steel products, and steel mills. It caters to the infrastructure, oil & gas, transportation, automotive, and agriculture industries with its construction and energy solutions and steel products. It has a robust presence across North America through its varied and strong steel products and steel. The company’s non-grain oriented electrical steel sheets are meant for motor lamination and electrical equipment laminations.

NLMK

NLMK is a steel manufacturer and caters to different industries, including automotive, constriction, oil & gas infrastructure, and others through its electric steel, long steel, pre-painted steel, steel, and other steel products. It strongly operates across the U.S., Russia, and Europe, with a superior distribution network. Moreover, the company has over 18 million tons of steel-making capacity through all the manufacturing units constructed globally. Its non-grain oriented electrical steel is meant for end-use applications, including rotors, magnetic circuits, electrical apparatus, and power transformers. In July 2021, the NLMK group continued the establishment of an electrical steel plant in Maharashtra, India, with a production capacity of 64,000 tons of electrical steel every year.

ArcelorMittal S.A.

ArcelorMittal S.A. is a multinational steel manufacturer and has been incorporated owing to the takeover of Arcelor by Mittal Steel. It offers steel products to industries, including renewable energies, construction & infrastructure, chemicals & petrochemicals, power generation, and oil & gas. Its steel manufacturing units are present in 16 nations globally and the company has a commitment of achieving net-zero carbon emissions by 2050. In March 2022, it unveiled its plan to invest USD 317.90 million for the construction of a production plant for electrical steel at the Mardyck site in France.

Shougang Group

Shougang Group is a company engaged in the manufacturing and mining of steel products and steel, including flat, sheets, and long steel. It conducts its operations through financial services, comprehensive service providers, and urban and steel industries. Its non-grain oriented electrical steel is used for applications, including servo motors, robots, and motors. In April 2020, the company announced the archive of the ultimate production efficiency for the finishing rolling electrical sheets.

Thyssenkrupp AG

Thyssenkrupp AG is a supplier of high-grade flat steel across the globe and conducts operations through bearings, automotive technologies, forged technologies, material services, and other segments. Its operations span 48 nations with over 800 sites and the company is actively involved in R&D activities with over 4,000 research fellows in around 75 locations. It provides non-grain oriented electrical steel for applications, including household appliances, transformers, power tools, and automotive. In October 2022, the company announced an investment at the Bochum site for the construction of a whole new double reversing stand to develop high-performance steels for electric mobility.

Baosteel Group Corporation

Baosteel Group Corporation, or China Baowu Steel Group Corp., Ltd., is an iron and steel manufacturing company owned by the state. Three major categories of steel, including carbon steel, electrical steel, and stainless steel, are manufactured by the company, with steel and iron as its key business. Its products are exported to nearly 40 nations in regions such as Africa, Europe, Asia, and North America with the help of its global distribution network. Moreover, China accounts for the major consumption of the total production of non-electrical steel.

POSCO HOLDINGS INC.

POSCO HOLDINGS INC. offers industrial and steel-making solutions to energy, packaging, chemical, and information & technology industries. It has made its global presence with 163 subsidiaries present overseas, 33 domestic affiliates, with service centers and sales offices in 55 nations. More than 38,263 kilotons/year of steel are manufactured by the company, which is further used in different applications, such as motors and generators. In January 2024, it announced the completion of the building of a new electrical sheet plant at Gawangyang.

Nippon Steel Corporation

Nippon Steel Corporation has been incorporated due to a merger between Sumitomo Metal and Nippon Steel. It has invested a considerable amount toward sustainability through the adoption of Carbon Neutral Vision 2050. It provides non-grain oriented electrical steel for applications, including motors, transformers, and electrical appliances with brand names HOMECORE, HILITECORE, and others. In May 2022, the company unveiled that it has got the EcoLeaf Declaration Certification, guided by Japan’s EPD program by the SuMPO.

Voestalpine Group

Voestalpine Group is one of the prominent steel producers and has 500 group companies and locations with a global presence. Moreover, the company is present in over 50 nations across five continents with exceptional products. Its products are ideal for end-use industries, including aerospace, oil & gas, consumer goods, and automotive. It provides electrical steel that is deployed in manufacturing generator manufacturing, e-mobility, automotive, and aerospace. In October 2021, the company unveiled to invest USD 221.84 million to construct the new cold rolling mill deployed with a custom pickling line at Linz.

Yieh Corporation

Yieh Corporation is a global steel company engaged in the supply, distrubition, and manufacturing of metallic and steel products. It caters to over 5,000 customers and exports steel products to over 130 nations across the world. It provides carbon steel, aluminum, coated steel, pipe & tube products, and stainless steel to the automotive industry. In addition, it offers non-grain oriented electrical steel for automotive, transformer, and generator applications.

Aperam S.A.

Aperam S.A. is a manufacturer of steel and its associated products across the globe. It can generate 2.5 million tons of stainless and electrical steel in Europe and Brazil. It has developed its industrial network spanning over 6 production facilities in France, Brazil, and Belgium. It delivers its non-grain oriented electrical steel for transformers, motors, and other electrical appliance applications. The company’s product portfolio and operations have been reorganized into four business segments from January 2022, which include services & solutions, recycling, alloys & specialties, and stainless & electrical steel.

Arnold Magnetic Technologies

Arnold Magnetic Technologies is a manufacturer of electrical steel, magnets, and composites. It has a considerable presence in South America, Asia, Europe, and North America, with 11 subsidiaries. The company conducts operations in 3 product segments, which include flexible magnets, permanent magnets, and precision thin metals. It provides thin film, electric motors, composites, electric steel, and others to the electrical, consumer electronics, automotive, and oil and gas industries.

What Does the Future Hold for the Market?

The quick surge in the uptake of hybrid electric vehicles is set to create new opportunities for growth for the market. The steel industry has witnessed moderate growth in recent years; however, the launch of hybrid electric vehicles has led to a rise in product demand. The deployment of the product in the development of EV motors is poised to generate growth opportunities. Electrical steel has applications in traction motors, electric motors, high-speed rotors, and engines. The move toward hybrid EVs is a major factor behind the surged usage of non-grain-oriented electrical steel, which is slated to generate opportunities in the market.