The Global Cold Rolled Electrical Steel Market was valued at USD 25.8 Billion in 2023 and is projected to reach USD 39.1 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is being driven by the escalating global demand for electricity, the rapid expansion of renewable energy infrastructure, and the push for energy efficiency in electric vehicles and industrial motors.

As the world accelerates its transition toward electrification and decarbonization, the spotlight is on the specialized steel producers who manufacture the high-performance magnetic cores essential for efficient power conversion. In this blog, we profile the Top 10 Companies in the Cold Rolled Electrical Steel Industry—a group of global steel giants and specialized manufacturers shaping the future of power generation, transmission, and consumption.

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🔟 1. Baowu Steel Group (China Baowu Steel Group Corp., Ltd.)

Headquarters: Shanghai, China
Key Offering: Oriented Electrical Steel (OES), Non-oriented Electrical Steel (NOES)

Baowu Steel Group is the world’s largest steel producer and a dominant force in the electrical steel market. With massive production capacity and significant investments in R&D, Baowu supplies high-grade electrical steel for power transformers, large generators, and high-efficiency motors, catering to both domestic Chinese demand and international markets.

Innovation and Expansion Initiatives:

• Leading producer of high-permeability, low-loss oriented electrical steel

• Strategic focus on ultra-thin gauge steels for new energy vehicles

• Continuous expansion of production capacity to meet global demand

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Cold Rolled Electrical Steel Market – View in Detailed Research Report

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9️⃣ 2. Nippon Steel Corporation (NSSMC)

Headquarters: Tokyo, Japan
Key Offering: High-grade OES and NOES, JNE Series, JNA Series

Nippon Steel is a global technology leader in high-performance electrical steel, renowned for its superior magnetic properties and consistency. The company’s products are critical components in energy-efficient transformers and motors, and it holds a significant share in the premium segment of the market.

Innovation and Expansion Initiatives:

• Pioneer in domain refinement technology for ultra-low iron loss

• Strong focus on developing products for next-generation EV traction motors

• Global partnerships with major automotive and industrial equipment manufacturers

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8️⃣ 3. Posco

Headquarters: Pohang, South Korea
Key Offering: Posco CORE, Non-oriented Electrical Steel, Hi-Lite Series

Posco is a major global steelmaker with a strong foothold in the electrical steel market. The company produces a wide range of non-oriented electrical steels used in motors for appliances, industrial drives, and electric vehicles, leveraging its technological expertise to compete in high-growth segments.

Innovation and Expansion Initiatives:

• Investment in expanding high-grade non-oriented electrical steel production

• Development of Posco CORE, a high-efficiency electrical steel brand

• Focus on sustainability with eco-friendly production processes

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7️⃣ 4. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: JFE Super Core, Oriented and Non-oriented Electrical Steel

JFE Steel is another Japanese powerhouse, renowned for its JFE Super Core brand of high-grade oriented electrical steel. The company’s products are essential for reducing energy loss in large power transformers and are known for their reliability and performance under demanding conditions.

Innovation and Expansion Initiatives:

• Leading manufacturer of grain-oriented electrical steel for ultra-high-voltage transformers

• Advanced R&D in magnetic domain control and thin-gauge steel processing

• Strategic focus on the burgeoning Asian energy infrastructure market

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6️⃣ 5. ThyssenKrupp AG

Headquarters: Essen, Germany
Key Offering: powercore®, Non-oriented Electrical Steel

ThyssenKrupp is a leading European producer of electrical steel, with its powercore® brand being a benchmark for quality in the region. The company supplies a wide range of industries, from automotive to renewable energy, with a strong emphasis on custom solutions and technical support.

Innovation and Expansion Initiatives:

• Key supplier to European automotive OEMs for EV drivetrain components

• Investment in digitalization and Industry 4.0 for improved product quality

• Commitment to carbon-neutral steel production through hydrogen-based technologies

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Cold Rolled Electrical Steel Market – View in Detailed Research Report

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5️⃣ 6. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Non-oriented Electrical Steel, Grain-oriented Electrical Steel

As the world’s second-largest steel producer, ArcelorMittal has a significant presence in the electrical steel market. The company offers a comprehensive portfolio of electrical steels used in everything from small domestic appliances to large industrial motors and generators across its global operations.

Innovation and Expansion Initiatives:

• Development of advanced grades for high-speed motors and new energy applications

• Global footprint with production facilities in Europe, Americas, and Asia

• Sustainability leadership with XCarb® green steel certificates

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4️⃣ 7. AK Steel (a Cleveland-Cliffs company)

Headquarters: West Chester, Ohio, USA
Key Offering: AK Steel Electrical Steels, Oriented and Non-oriented Grades

AK Steel, now part of Cleveland-Cliffs, is a leading North American producer of electrical steels. The company is a critical supplier to the U.S. transformer and motor industries, providing specialized steels that meet stringent efficiency standards, including those for the distribution grid and electric vehicles.

Innovation and Expansion Initiatives:

• Major domestic supplier supporting U.S. grid modernization and EV adoption

• Proprietary production technologies for high-silicon electrical steels

• Investment in value-added coating and processing lines

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3️⃣ 8. Cogent (Tata Steel)

Headquarters: Ipswich, United Kingdom
Key Offering: Cogent NOES, Custom Electrical Laminations

Cogent, part of the Tata Steel group, is a specialist producer of non-oriented electrical steels in Europe. Unlike integrated steel mills, Cogent focuses on downstream processing, producing tailor-made laminations and cores for motor manufacturers, offering a high level of technical service and application expertise.

Innovation and Expansion Initiatives:

• Specialization in custom-engineered laminations for specific motor designs

• Strong R&D partnership with automotive and aerospace customers

• Focus on lightweight and high-efficiency solutions for emerging markets

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2️⃣ 9. NLMK Group

Headquarters: Moscow, Russia
Key Offering: Dynamo Steel, Transformer Steel

NLMK Group is a major Russian steelmaker and a significant producer of electrical steel, primarily serving the CIS and European markets. The company produces both dynamo (non-oriented) steel for motors and transformer (oriented) steel, playing a key role in the regional energy sector.

Innovation and Expansion Initiatives:

• Modernization of electrical steel production facilities

• Development of high-permeability grades for energy-efficient transformers

• Focus on cost-competitive production for price-sensitive markets

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1️⃣ 10. Stalprodukt S.A.

Headquarters: Bochnia, Poland
Key Offering: Cold-rolled non-oriented electrical steel sheets

Stalprodukt S.A. is a significant European manufacturer of cold-rolled electrical steel, specializing in non-oriented grades. The company supplies the European market with high-quality steel for the production of motors, generators, and small transformers, known for its consistent quality and customer service.

Innovation and Expansion Initiatives:

• Continuous improvement of magnetic properties and surface quality

• Strategic focus on the Central and Eastern European industrial sector

• Adaptation of product portfolio to meet evolving EU efficiency standards

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Cold Rolled Electrical Steel Market – View in Detailed Research Report

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🌍 Outlook: The Future of Electrical Steel Is Driven by Efficiency and Electrification

The cold rolled electrical steel market is undergoing a fundamental transformation. While traditional applications in transformers and industrial motors remain the volume drivers, the industry is rapidly innovating to meet the demanding requirements of electric vehicles, renewable energy systems, and smart grids.

📈 Key Trends Shaping the Market:

• Accelerated demand for high-grade non-oriented steels from the EV sector

• Global grid modernization projects driving demand for high-permeability oriented steels

• Development of ultra-thin gauge and high-silicon steels for reduced core losses

• Increasing regional capacity expansions, particularly in Asia

Get Full Report Here:
Cold Rolled Electrical Steel Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they’re enabling the global transition to a more efficient and electrified world.