The Global NGO Electrical Steel Market was valued at USD 19.39 Billion in 2022 and is projected to reach USD 27.06 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2023–2029). This robust growth is primarily driven by the global push for electrification, soaring demand for electric vehicles (EVs), expansion of renewable energy infrastructure, and the modernization of power grids worldwide.

As industries worldwide prioritize energy efficiency and carbon reduction, NGO Electrical Steel has become a cornerstone material. Its role in making motors, generators, and transformers more efficient is critical. In this blog, we profile the Top 10 Companies in the NGO Electrical Steel Industry—a mix of global steel giants and specialized producers who are innovating to meet the demands of a cleaner, electrified future.

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🔟 1. Baowu Steel Group

Headquarters: Shanghai, China
Key Offering: Full range of NGO electrical steel grades

Baowu Steel Group is the world’s largest steel producer and a dominant force in the electrical steel market. Its advanced production facilities and significant R&D investments allow it to supply high-quality, high-efficiency NGO electrical steel to a global customer base across the automotive, appliance, and industrial sectors.

Innovation & Capacity:

• Leading producer with massive scale and vertical integration

• Continuous investment in high-grade, thin-gauged products for premium applications

• Strong focus on meeting stringent efficiency standards for EV traction motors

Download FREE Sample Report: NGO Electrical Steel Market – View in Detailed Research Report

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9️⃣ 2. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: NGO electrical steels for motors and generators

ArcelorMittal, a global steelmaking leader, produces a wide portfolio of NGO electrical steels. The company serves diverse markets, including automotive, renewable energy, and heavy industry, with a strong emphasis on developing advanced grades that reduce core losses and improve magnetic properties.

Innovation & Capacity:

• Global production network with a strong presence in Europe and the Americas

• R&D focused on ultra-thin grades for high-frequency applications

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8️⃣ 3. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: High-grade NGO electrical steel

Nippon Steel is a technology leader in advanced steel products, including premium NGO electrical steels. The company is known for its high-performance materials used in high-efficiency motors for hybrid and electric vehicles, as well as industrial applications demanding superior magnetic characteristics.

Innovation & Capacity:

• Pioneer in developing high-silicon steel grades for reduced energy loss

• Strong partnerships with Asian automotive and electronics manufacturers

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7️⃣ 4. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: JNE, JNA series NGO electrical steels

JFE Steel, another Japanese powerhouse, produces a comprehensive range of NGO electrical steels. Its products are essential components in the motors of household appliances, industrial machinery, and the burgeoning electric vehicle market, prized for their consistency and reliability.

Innovation & Capacity:

• Extensive product line catering to various efficiency classes and applications

• Continuous improvement in core loss properties and workability

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6️⃣ 5. Posco

Headquarters: Pohang, South Korea
Key Offering: NGO electrical steel coils and sheets

South Korea’s Posco is a major global supplier of NGO electrical steel, leveraging its technological expertise to serve the fast-growing EV and renewable energy sectors. The company focuses on producing steels that enable smaller, lighter, and more efficient electromagnetic components.

Innovation & Capacity:

• Active investment in expanding high-grade electrical steel production capacity

• Strategic focus on the Asian EV supply chain

Download FREE Sample Report: NGO Electrical Steel Market – View in Detailed Research Report

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5️⃣ 6. ThyssenKrupp AG

Headquarters: Essen, Germany
Key Offering: NGO electrical steel for European industrial and automotive markets

ThyssenKrupp is a key European producer of NGO electrical steel, supplying the region’s robust automotive and capital goods industries. The company emphasizes product quality and technical support, helping customers design more efficient motors and generators.

Innovation & Capacity:

• Strong R&D capabilities focused on customized solutions for specific applications

• Strategic location within Europe’s automotive manufacturing hub

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4️⃣ 7. Shougang Group

Headquarters: Beijing, China
Key Offering: Mid to high-grade NGO electrical steel

Shougang Group is one of China’s major steel enterprises with a significant share in the domestic electrical steel market. The company has been upgrading its facilities to produce more advanced grades, catering to the increasing demand for energy-efficient materials from Chinese manufacturers.

Innovation & Capacity:

• Rapid expansion and technological upgrading of electrical steel production lines

• Significant supplier to China’s massive home appliance and industrial motor markets

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3️⃣ 8. Voestalpine AG

Headquarters: Linz, Austria
Key Offering: High-quality NGO electrical steel strips

Voestalpine is a leading specialty steel producer in Europe, known for its high-precision NGO electrical steel strips. These products are often used in demanding applications such as high-speed motors and specialized generators, where precise magnetic properties are critical.

Innovation & Capacity:

• Expertise in producing specialized, high-value-added electrical steel products

• Focus on niche markets requiring superior magnetic performance

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2️⃣ 9. Tata Steel

Headquarters: Mumbai, India
Key Offering: NGO electrical steel for diverse applications

Tata Steel is a major player in the Asian market, producing NGO electrical steel that serves the rapidly industrializing regions of India and Southeast Asia. The company is investing in capacity and quality to meet the growing domestic demand driven by infrastructure development and automotive production.

Innovation & Capacity:

• Expanding production to capture growth in the Indian subcontinent

• Focus on cost-competitive solutions for mass-market applications

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1️⃣ 10. AK Steel (Now part of Cleveland-Cliffs)

Headquarters: West Chester, Ohio, USA
Key Offering: NGO electrical steels under the Cleveland-Cliffs portfolio

As part of Cleveland-Cliffs, the former AK Steel operations are a cornerstone of electrical steel production in North America. The company supplies critical materials to the U.S. automotive, industrial, and energy sectors, with a strong focus on the requirements of electric vehicle manufacturers.

Innovation & Capacity:

• Key North American supplier with integrated iron ore and steelmaking operations

• Strategic importance in regional supply chains for EV motors and transformers

Read Full Report: NGO Electrical Steel Market – View in Detailed Research Report

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🌍 Outlook: The Future of NGO Electrical Steel Is High-Performance and Sustainable

The NGO Electrical Steel market is undergoing a significant transformation. While standard grades continue to see high volume, the industry is accelerating its investment in advanced high-efficiency grades, thinner gauges, and sustainable production processes to meet the demands of the green energy transition.

📈 Key Trends Shaping the Market:

• Explosive growth in demand from the electric vehicle sector for traction motors

• Increasingly stringent global energy efficiency regulations for motors and transformers

• R&D focus on grades with lower core loss and higher magnetic permeability

• Vertical integration by steel producers to ensure supply chain security for critical raw materials

Read Full Report: NGO Electrical Steel Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are enabling the electrification and efficiency gains that are fundamental to a sustainable future.