The Global Grain Oriented Electrical Steel Sheet (GOES) Market was valued at USD 4.12 Billion in 2024 and is projected to reach USD 7.89 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period (2025–2032). This significant growth is driven by expanding global power infrastructure, the integration of renewable energy sources, and the implementation of stricter energy efficiency regulations that demand high-performance transformer cores.

As the world accelerates its transition to a smarter, more sustainable energy grid, the demand for efficient power transmission and distribution has never been higher. In this blog, we profile the Top 10 Companies in the Grain Oriented Electrical Steel Sheet Industry—a group of specialized steel producers and innovators who are foundational to building the electrical infrastructure of the future.

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🔟 1. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Permeability (Hi-B) GOES, Domain Refined GOES

Nippon Steel is a global leader in the production of high-grade grain oriented electrical steel, renowned for its advanced manufacturing technology and extensive product portfolio. The company supplies its premium GOES products to transformer manufacturers worldwide, playing a critical role in enhancing grid efficiency.

Innovation Initiatives:

• Continuous R&D in ultra-thin gauge (0.23mm and below) production
• Development of advanced domain refinement techniques to minimize core losses
• Strategic capacity expansions to meet rising global demand

Download FREE Sample Report: Grain Oriented Electrical Steel Sheet Market – View in Detailed Research Report

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9️⃣ 2. POSCO

Headquarters: Pohang, South Korea
Key Offering: Hi-B GOES, Conventional GOES

POSCO is a major force in the GOES market, leveraging its integrated steelmaking capabilities to produce high-quality electrical steel. The company has a strong focus on sustainability and is a key supplier for power and distribution transformers across Asia and North America.

Innovation Initiatives:

• Investment in eco-friendly production processes to reduce carbon footprint
• Partnerships with transformer OEMs for custom-grade development
• Expansion of high-permeability steel production capacity

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8️⃣ 3. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: JNE Series Hi-B GOES, Low-Iron Loss Grades

JFE Steel is another Japanese powerhouse, known for its JNE series of high-permeability grain oriented electrical steel. The company’s products are essential for manufacturing highly efficient transformers that meet the world’s most stringent energy standards.

Innovation Initiatives:

• Pioneering laser-scribing technology for domain control
• Focus on producing grades with core losses below 0.90 W/kg at 1.7T
• Global supply chain development to serve international markets

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7️⃣ 4. AK Steel (Cleveland-Cliffs Inc.)

Headquarters: West Chester, Ohio, USA
Key Offering: Oriented Electrical Steels (OES), Transformer Cores

As a leading North American producer, AK Steel (now part of Cleveland-Cliffs) is vital to the regional power infrastructure. The company produces a range of grain oriented electrical steels that are critical for transformers used in grid modernization projects across the continent.

Innovation Initiatives:

• Research into next-generation coatings for enhanced performance
• Supporting U.S. energy independence through domestic production
• Meeting Department of Energy efficiency standards for transformers

Download FREE Sample Report: Grain Oriented Electrical Steel Sheet Market – View in Detailed Research Report

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6️⃣ 5. Baosteel Group

Headquarters: Shanghai, China
Key Offering: B23R075, B27R095, and other Hi-B GOES grades

Baosteel is China’s premier producer of grain oriented electrical steel, supporting the country’s massive investments in ultra-high-voltage transmission lines and renewable energy integration. The company’s growing technical expertise has made it a significant player in the global market.

Innovation Initiatives:

• Massive capacity expansion to support domestic infrastructure projects
• Development of products for specialized applications like HVDC transformers
• Focus on reducing the performance gap with international premium grades

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5️⃣ 6. Tata Steel

Headquarters: Mumbai, India
Key Offering: Orientcore HI-B, Conventional GOES

Tata Steel is a key supplier in the Asian market, producing grain oriented electrical steel that is essential for India’s rapidly expanding power sector. The company’s products are used in transformers that support urbanization and industrial growth.

Innovation Initiatives:

• Investment in upgrading production facilities to world-class standards
• Focus on serving the specific needs of the South Asian market
• Commitment to sustainable and responsible manufacturing practices

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4️⃣ 7. ThyssenKrupp AG

Headquarters: Essen, Germany
Key Offering: Powercore® GOES, Custom Electrical Steels

ThyssenKrupp is a leading European producer of grain oriented electrical steel, with a strong focus on high-quality, customer-specific solutions. The company’s products are critical for the EU’s energy transition and grid interconnection projects.

Innovation Initiatives:

• Development of grades compliant with EU Ecodesign regulations
• Advanced research into magnetic properties and performance optimization
• Strong focus on the renewable energy and e-mobility sectors

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3️⃣ 8. NLMK Group

Headquarters: Moscow, Russia
Key Offering: Grain Oriented Steel for Power Transformers

NLMK Group is a significant producer of electrical steels, serving the CIS region and international markets. The company’s GOES products are used in large power transformers essential for regional grid stability and power exports.

Innovation Initiatives:

• Modernization of production facilities to improve product quality
• Focus on increasing the efficiency grades of its product portfolio
• Adapting to changing global trade dynamics and supply chains

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2️⃣ 9. Stalprodukt S.A.

Headquarters: Bochnia, Poland
Key Offering: Cold Rolled Grain Oriented Electrical Steel

Stalprodukt S.A. is a specialized European manufacturer of grain oriented electrical steel, known for its high-quality products and technical expertise. The company serves transformer manufacturers across Europe with a focus on efficiency and reliability.

Innovation Initiatives:

• Investment in precision rolling and annealing technologies
• Development of products for niche and high-performance applications
• Commitment to maintaining a strong position in the European market

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1️⃣ 10. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Grain Oriented Electrical Steels for Distribution Transformers

As the world’s largest steel producer, ArcelorMittal has a significant presence in the electrical steel market. The company produces grain oriented steels that are vital for efficient distribution transformers used in urban and industrial power networks globally.

Innovation Initiatives:

• Integration of sustainability into product development and production
• Global R&D efforts to improve magnetic properties and reduce losses
• Leveraging scale to ensure supply chain reliability for customers

Get Full Report Here: Grain Oriented Electrical Steel Sheet Market – View in Detailed Research Report

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🌍 Outlook: The Future of Grain Oriented Electrical Steel Is Smarter and More Efficient

The grain oriented electrical steel market is undergoing a significant transformation. While conventional grades continue to serve essential applications, the industry is heavily investing in advanced high-permeability and ultra-thin varieties, sophisticated production technologies, and sustainable manufacturing practices.

📈 Key Trends Shaping the Market:

• Accelerated demand from renewable energy integration requiring highly efficient transformers
• Global regulatory push for higher transformer efficiency standards (e.g., EU Ecodesign)
• Technological advancements in thin-gauge production and domain refinement
• Strategic partnerships between steel producers and transformer manufacturers

Get Full Report Here: Grain Oriented Electrical Steel Sheet Market – View in Detailed Research Report

The companies listed above are not only supplying a critical material for global electrification—they are enabling the transition to a more efficient and sustainable energy future.