The Global Grain-Oriented Electrical Steel Market was valued at USD 9.8 Billion in 2023 and is projected to reach USD 14.3 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is fueled by escalating demand for energy-efficient transformers, expanding power grids, and rapid electrification projects worldwide, particularly in emerging economies.

As nations transition toward renewable energy and smart grid technologies, grain-oriented electrical steel (GOES) remains critical for power transmission efficiency. This specialized steel reduces energy losses in transformers by up to 30%, making it indispensable for sustainable energy infrastructure. In this analysis, we examine the Top 10 Companies in the Grain-Oriented Electrical Steel Market—the key manufacturers innovating in material science and dominating regional supply chains.

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🔟 1. ArcelorMittal SA

Headquarters: Luxembourg City, Luxembourg
Key Offering: High-permeability GOES, conventional GOES

As the world’s largest steel producer, ArcelorMittal supplies approximately 15% of global grain-oriented electrical steel. Their GOES products feature industry-leading energy efficiency, serving transformer manufacturers across Europe, North America, and Asia-Pacific regions.

Technological Advantage:

• Pioneer in high-permeability GOES (HiB) technology
• Invested €50M in GOES capacity expansion (2022-2024)
• Supplies 90% of Europe’s transformer steel market

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9️⃣ 2. POSCO

Headquarters: Pohang, South Korea
Key Offering: Ultra-thin GOES (0.23mm/0.27mm)

POSCO dominates the Asian GOES market with its proprietary manufacturing processes that reduce core losses by 20% compared to conventional products. The company supplies major transformer OEMs like Hyundai Heavy Industries and Mitsubishi Electric.

Recent Developments:

• Developed world’s first 0.20mm ultra-thin GOES (2023)
• Expanding annual capacity to 400,000 tons by 2025
• Strategic partnerships with 30+ transformer manufacturers

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8️⃣ 3. Voestalpine Group

Headquarters: Linz, Austria
Key Offering: Isoperm® GOES for high-frequency applications

Voestalpine’s specialized Isoperm® line delivers exceptional magnetic properties for power and distribution transformers. The company operates Europe’s most advanced cold-rolling mills with precise temperature control during the critical annealing process.

Key Specifications:

• Core loss: 0.9 W/kg at 1.7T/50Hz (industry benchmark)
• 80% of production exported to global markets
• Leading supplier for offshore wind farm transformers

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7️⃣ 4. Baosteel Group Corporation

Headquarters: Shanghai, China
Key Offering: BGO series grain-oriented silicon steel

Baosteel meets 40% of China’s domestic GOES demand—the world’s largest transformer market. Their BGO product line features four grades with core losses as low as 1.10 W/kg, certified by international standards organizations.

Market Position:

• Operates Asia’s largest GOES production facility (1.2M ton capacity)
• Supplying 80% of China’s UHV transformer projects
• Invested $350M in new GOES line (operational Q1 2025)

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Global and United States Grain-Oriented Electrical Steel Market – View in Detailed Research Report

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6️⃣ 5. Nippon Steel & Sumitomo Metal

Headquarters: Tokyo, Japan
Key Offering: OrientedCore™ series

Nippon Steel leads technological innovation with its 6.5% silicon GOES variants that demonstrate 40% lower hysteresis losses. The company holds over 200 patents in grain-oriented steel manufacturing processes.

Research Breakthroughs:

• Developed laser-scribed domain refinement technology
• World-record 0.18mm ultra-thin GOES for aerospace applications
• 15% market share in premium transformer steel segment

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5️⃣ 6. United States Steel Corporation

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: US Steel GO™ electrical steel

As North America’s sole GOES producer, U.S. Steel satisfies the region’s growing demand for grid modernization. Their patented continuous annealing process achieves superior magnetic properties while reducing energy consumption during production.

Domestic Impact:

• Supplies 70% of US Department of Energy transformer projects
• $115M plant upgrade completed (2023) for enhanced HiB production
• Strategic alliance with GE Renewable Energy

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4️⃣ 7. Steel Authority of India Limited (SAIL)

Headquarters: New Delhi, India
Key Offering: CRGO steel for power transformers

SAIL meets 60% of India’s GOES requirements through its state-of-the-art cold rolling complex. The company focuses on cost-effective solutions for developing nations’ electrification programs while maintaining global quality standards.

Growth Strategy:

• Expanding capacity to 300,000 tons/year by 2026
• Supplying India’s National Solar Mission projects
• Technology transfer agreements with Japanese partners

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3️⃣ 8. Tata Steel Limited

Headquarters: Mumbai, India
Key Offering: AutoGrade™ GOES for EV applications

Tata Steel has pioneered GOES applications beyond transformers, developing specialized grades for electric vehicle power electronics. Their integrated production model from iron ore to finished steel ensures consistent quality control.

Diversification:

• 40% R&D focus on next-gen electrical steels
• Supplying MG Motor and Tata Power
• Europe’s first GOES producer to achieve zero liquid discharge

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Global and United States Grain-Oriented Electrical Steel Market – View in Detailed Research Report

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2️⃣ 9. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: JNHF™ series high-efficiency GOES

JFE Steel’s proprietary chemical vapor deposition (CVD) insulation coating technology sets new industry benchmarks for transformer steel performance. Their products are specified for Japan’s ultra-high voltage transmission network.

Quality Leadership:

• 0 defect ppm in automotive-grade GOES since 2021
• 25% share in premium HiB steel segment
• Supplying Hitachi-Mitsubishi JV transformer plants

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1️⃣ 10. Essar Steel

Headquarters: Mumbai, India
Key Offering: EconGO™ cost-optimized electrical steel

Essar’s recently commissioned GOES facility focuses on affordable solutions for emerging markets. Their innovative production methods reduce costs by 20% while meeting international efficiency standards—enabling wider electrification access.

Emerging Market Focus:

• Strategic supplier to African and Southeast Asian utilities
• First Indian GOES exporter to Latin America (2023)
• Partnered with 15+ regional transformer manufacturers

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Global and United States Grain-Oriented Electrical Steel Market – View in Detailed Research Report

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🔌 Outlook: Electrifying the Future with Advanced GOES Technologies

The grain-oriented electrical steel market is undergoing a fundamental transformation. As global energy demand surges and grids modernize, manufacturers are innovating to balance performance requirements with sustainability imperatives.

📈 Key Industry Trends to Watch:

• Development of 0.15-0.20mm ultra-thin grades for high-frequency transformers
• Increasing silicon content (up to 6.5%) to reduce core losses
• Growing adoption in EV charging infrastructure and renewable energy systems
• Strategic localization of GOES production to ensure supply chain resilience

Get Full Report Here:
Global and United States Grain-Oriented Electrical Steel Market – View in Detailed Research Report

These industry leaders are not just manufacturing steel—they’re enabling the global energy transition through material science innovation.