The Global Non-Grain Oriented (NGO) Steel in Electric Vehicle Market was valued at USD 6.98 Billion in 2024 and is projected to reach USD 22.41 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period (2024–2030). This exceptional growth is being driven by the global transition to electric mobility, rising demand for high-efficiency electric motors, and the accelerating adoption of premium electrical steel grades across Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Hybrid Electric Vehicles (HEVs).
As the automotive industry transforms toward emission-free transportation and sustainable manufacturing, the spotlight is on the key steel producers who are driving material innovation, production capacity, and electromagnetic performance optimization. In this blog, we profile the Top 10 Companies in the NGO Steel for EV Industry—a mix of integrated steel mills, specialty producers, and technology leaders shaping the future of electric vehicle powertrains.
🔟 1. Baowu Steel Group
Headquarters: Shanghai, China
Key Offering: NO-series Electrical Steel (NO 20-15, NO 30-19, NO 35-19)
Baowu is the world’s largest steel producer and a dominant player in high-grade NGO electrical steel for the rapidly expanding Chinese and global EV markets. The company operates advanced continuous annealing lines and maintains strong R&D focus on thin-gauge, high-silicon steel for next-generation traction motors.
Innovation & Capacity Initiatives:
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Massive investments in grain-oriented and non-oriented electrical steel capacity expansion
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Strategic partnerships with major Chinese EV manufacturers (BYD, NIO, XPeng)
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Leading supplier of 0.20mm and 0.27mm ultra-thin NGO steel for high-speed motors
Download FREE Sample Report: NGO Steel in Electric Vehicle Market – View in Detailed Research Report
9️⃣ 2. ArcelorMittal
Headquarters: Luxembourg City, Luxembourg
Key Offering: iCARe® NGO Electrical Steel, iCARe® 2.0 Advanced Grades
ArcelorMittal is Europe’s largest steelmaker and a global leader in advanced electrical steels. Their product portfolio includes specialized NGO grades optimized for the specific frequency and power density requirements of modern EV drivetrains.
Innovation & Capacity Initiatives:
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Global production of over 300,000 tons of electrical steels annually
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Proprietary iCARe® technology platforms for superior magnetic properties
8️⃣ 3. Nippon Steel Corporation
Headquarters: Tokyo, Japan
Key Offering: NGO Electrical Steel (NO 20-13, NO 25-14, NO 27-15)
Nippon Steel is a Japanese steel manufacturing leader with extensive expertise in high-performance electrical steels. The company supplies major Japanese automakers including Toyota, Honda, and Nissan for their EV programs.
Innovation & Capacity Initiatives:
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Development of JNE, JNH series NGO steel with core loss reductions up to 40% compared to conventional grades.
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Advanced coating technologies for improved motor efficiency and thermal management
7️⃣ 4. POSCO
Headquarters: Pohang, South Korea
Key Offering: POSCO NPCORE NGO Electrical Steel
POSCO is South Korea’s largest steelmaker and a significant global supplier of electrical steel. The company has established technical collaborations with global automotive OEMs for customized motor steel solutions.
Innovation & Capacity Initiatives:
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Annual electrical steel production capacity exceeding 400,000 tons
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Investment in ESG-focused steel production with reduced carbon footprint
6️⃣ 5. ThyssenKrupp Steel Europe
Headquarters: Essen, Germany
Key Offering: NGO Electrical Steel (NO 20-15, NO 25-17, NO 27-18)
ThyssenKrupp is a leading European producer of electrical steel with strong presence in the premium automotive segment.
Innovation & Capacity Initiatives:
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Producers of electrical steel with power loss values as low as 1.8 W/kg at 1.5 T/50 Hz
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Focus on high-permeability grades for compact motor designs
Download FREE Sample Report: NGO Steel in Electric Vehicle Market – View in Detailed Research Report
5️⃣ 6. JFE Steel Corporation
Headquarters: Tokyo, Japan
Key Offering: JFE NGO Electrical Steel, JNEX Core系列
JFE Steel is a major Japanese steel producer with significant electrical steel manufacturing capabilities. The company’s products are used in motors for Toyota, Lexus, and other major EV brands.
Innovation & Capacity Initiatives:
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Development of JNEX Core ultra-low iron loss electrical steel
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Target to increase high-grade electrical steel production by 50% by 2026
4️⃣ 7. Shougang Group
Headquarters: Beijing, China
Key Offering: SG Series NGO Electrical Steel
Shougang Group is one of China’s major steel producers with expanding electrical steel operations. The company supplies domestic EV manufacturers and is increasing exports to global markets.
Innovation & Capacity Initiatives:
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Annual NGO electrical steel production capacity of approximately 300,000 tons.
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Investments in continuous annealing technology for improved magnetic properties consistency
3️⃣ 8. NLMK Group
Headquarters: Moscow, Russia
Key Offering: NGO Electrical Steel (NO 30-16, NO 35-19)
NLMK is Russia’s leading steel producer and a significant supplier of NGO electrical steel to European and Asian markets.
Innovation & Capacity Initiatives:
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Major producer of cold-rolled NGO electrical steel for automotive applications
2️⃣ 9. TATA Steel
Headquarters: Mumbai, India
Key Offering: Tata NGO Electrical Steel, Tata Ferro-ECA
TATA Steel is India’s leading integrated steel producer with growing electrical steel manufacturing capabilities serving both domestic and international EV markets.
Innovation & Capacity Initiatives:
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Strategic focus on developing electrical steel grades for India’s growing EV industry
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Innovation in sustainable steel production with focus on circular economy principles
1️⃣ 10. CSC (China Steel Corporation)
Headquarters: Kaohsiung, Taiwan
Key Offering: NGO Electrical Steel (NO 25-14, NO 27-15)
CSC is Taiwan’s largest integrated steel maker and a significant player in the Asian electrical steel market for EV applications.
Innovation & Capacity Initiatives:
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Investment in advanced rolling and annealing facilities for premium electrical steel production.
Download FREE Sample Report: NGO Steel in Electric Vehicle Market – View in Detailed Research Report
🌍 Outlook: The Future of NGO Steel in EVs Is Smarter and Higher Performance
The NGO steel market for electric vehicles is undergoing a fundamental transformation. While conventional electrical steels still represent significant volume, the industry is investing billions in ultra-thin gauge materials, specialized coating technologies, and advanced manufacturing processes to meet increasingly stringent efficiency requirements.
📈 Key Trends Shaping the Market:
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Accelerated adoption of 0.20mm and 0.27mm ultra-thin NGO steel
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Development of high-silicon (up to 6.5%) NGO steel for reduced core losses
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Integration of digital manufacturing and quality control systems
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Growing demand for customized electrical steel solutions from automotive OEMs
Get Full Report Here: NGO Steel in Electric Vehicle Market – View in Detailed Research Report
The companies listed above are not only supplying critical materials for global electrification—they’re enabling the performance revolution in next-generation electric vehicles.
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