The Global Hot Rolled Silicon Steel Plate Market was valued at USD 12.8 Billion in 2025 and is projected to reach USD 17.2 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period (2024–2034). This growth is being driven by the global push for energy efficiency, rapid expansion of renewable energy infrastructure, and increasing demand for electric vehicles and power generation equipment.

As the world accelerates its transition to sustainable energy and advanced electronics, the spotlight is on the key manufacturers who are driving innovation in magnetic core materials essential for transformers, motors, and generators. In this blog, we profile the Top 10 Companies in the Hot Rolled Silicon Steel Plate Industry—a mix of established global steel producers and specialized manufacturers shaping the future of electrical steel applications.

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🔟 1. Shandong Wanhui Metal Products Co., Ltd.

Headquarters: Shandong, China
Key Offering: Hot Rolled Silicon Steel Plate, Electrical Steel Coils

Shandong Wanhui Metal Products is a prominent manufacturer specializing in silicon steel plates used in electrical applications. The company serves a diverse clientele across the power and machinery industries, providing materials with consistent magnetic properties and high permeability.

Innovation Initiatives:

• Investment in advanced rolling and annealing technologies

• Focus on reducing core losses in electrical steel products

• Expansion of production capacity to meet growing EV market demands

Download FREE Sample Report: Hot Rolled Silicon Steel Plate Market – View in Detailed Research Report

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9️⃣ 2. Eastern-steels

Headquarters: Shanghai, China
Key Offering: Hot Rolled Silicon Steel, Grain-Oriented Electrical Steel

Eastern-steels operates as a major supplier in the Asian market, specializing in both non-oriented and grain-oriented silicon steel products. The company’s expertise in metallurgical processes ensures products meet stringent international standards for electrical applications.

Innovation Initiatives:

• Development of high-silicon content steel for premium efficiency motors

• Strategic partnerships with transformer manufacturers

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8️⃣ 3. Wuxi Huajing New Materials Co., Ltd.

Headquarters: Wuxi, Jiangsu, China
Key Offering: Silicon Steel Plates, Precision Steel Strips

Wuxi Huajing New Materials focuses on precision-engineered silicon steel products for specialized electrical applications. The company’s technical capabilities include custom steel solutions tailored to specific customer requirements in the power and communications sectors.

Innovation Initiatives:

• Research into nano-crystalline coating technologies

• Quality control systems ensuring consistent magnetic properties

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7️⃣ 4. Shanghai Changjin Metal Product Co.,Ltd

Headquarters: Shanghai, China
Key Offering: HR Silicon Steel, Cold Rolled Silicon Steel

Shanghai Changjin Metal Product maintains a significant presence in the domestic Chinese market while expanding its international footprint. The company supplies silicon steel plates to manufacturers of power transformers, electric motors, and various industrial applications.

Innovation Initiatives:

• Implementation of energy-efficient production processes

• Development of eco-friendly insulation coatings

Download FREE Sample Report: Hot Rolled Silicon Steel Plate Market – View in Detailed Research Report

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6️⃣ 5. Wuxi Tianqiang Steel Co., Ltd.

Headquarters: Wuxi, Jiangsu, China
Key Offering: Hot Rolled Silicon Steel Plate, Electrical Steel Sheets

Wuxi Tianqiang Steel specializes in the production and distribution of silicon steel plates with specific focus on the machinery industry. The company’s product portfolio includes various grades suitable for different magnetic applications and operational frequencies.

Innovation Initiatives:

• Customized steel solutions for specialized motor applications

• Continuous improvement in surface quality and dimensional accuracy

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5️⃣ 6. Shanghai Lucheng International Trade Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Silicon Steel Plate, Steel Export Services

Shanghai Lucheng International Trade operates as both a manufacturer and global distributor of silicon steel products. The company leverages its international trade expertise to supply quality electrical steel to markets across Asia, Europe, and the Americas.

Innovation Initiatives:

• Global supply chain optimization for timely delivery

• Quality assurance programs meeting international standards

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4️⃣ 7. Wuxi Qiuhe Stainless Steel Co., Ltd.

Headquarters: Wuxi, Jiangsu, China
Key Offering: Silicon Steel Plate, Specialty Steel Products

Wuxi Qiuhe Stainless Steel brings expertise from the specialty steel sector to silicon steel production, focusing on high-purity materials with exceptional magnetic characteristics. The company serves demanding applications in power generation and high-efficiency motors.

Innovation Initiatives:

• Advanced purification processes for superior magnetic properties

• Development of high-temperature resistant silicon steel grades

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3️⃣ 8. Baoshan Iron & Steel Co., Ltd. (Baosteel)

Headquarters: Shanghai, China
Key Offering: High-Grade Silicon Steel, Electrical Steel Products

Baosteel, as China’s largest steel producer, maintains significant production capacity for high-quality silicon steel plates. The company’s extensive R&D capabilities enable development of advanced electrical steels for next-generation power equipment and electric vehicles.

Innovation Initiatives:

• Pioneering ultra-thin grain-oriented silicon steel development

• Strategic focus on materials for renewable energy applications

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2️⃣ 9. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Premium Electrical Steel, High-Efficiency Core Materials

Nippon Steel represents the global leadership in advanced electrical steel technology, producing some of the world’s most efficient silicon steel products. The company’s expertise spans both grain-oriented and non-oriented electrical steels for diverse applications.

Innovation Initiatives:

• Development of domain refinement technologies for reduced core losses

• Leadership in materials for high-frequency applications

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1️⃣ 10. ThyssenKrupp Electrical Steel

Headquarters: Essen, Germany
Key Offering: Non-Oriented Electrical Steel, Custom Silicon Steel Solutions

ThyssenKrupp maintains a strong European presence in the electrical steel market, offering comprehensive solutions for motor and generator applications. The company’s technical expertise supports the development of energy-efficient electrical machines across multiple industries.

Innovation Initiatives:

• Focus on sustainable production processes and circular economy principles

• Collaboration with automotive manufacturers on EV motor materials

Get Full Report Here: Hot Rolled Silicon Steel Plate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Hot Rolled Silicon Steel Plate Is Efficient and Sustainable

The hot rolled silicon steel plate market is undergoing a significant transformation. While traditional applications continue to drive demand, the industry is investing heavily in high-efficiency materials, advanced production technologies, and sustainable manufacturing processes to support the global energy transition.

📈 Key Trends Shaping the Market:

• Rising demand for high-efficiency transformers in smart grid infrastructure

• Exponential growth in electric vehicle production driving motor material needs

• Increasing renewable energy installations requiring specialized transformers

• Technological advancements in grain-oriented silicon steel production

Get Full Report Here: Hot Rolled Silicon Steel Plate Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for global electrification—they’re driving the technological innovation that will power a more efficient and sustainable future.