Top 10 Companies in the Europe Grain Oriented Electrical Steel Market (2026): Market Leaders Driving Energy Efficiency

MARKET INSIGHTS

 Europe grain oriented electrical steel market size was valued at USD 892.6 million in 2024 and is projected to reach USD 1.29 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period (2025-2032).

Grain oriented electrical steel is a specialized cold-rolled silicon steel with distinct magnetic properties oriented in the rolling direction. This material is engineered to maximize magnetic permeability while minimizing core losses, making it ideal for applications requiring high energy efficiency in alternating magnetic fields. The product exists in several grades, including conventional, high magnetic strength, and domain refinement types, each offering progressively lower watt losses per kilogram at specific flux densities.

The market growth is primarily driven by Europe’s renewable energy transition and grid modernization initiatives, particularly Germany’s Energiewende policy targeting 80% renewable electricity by 2030. However, supply chain constraints and volatile raw material prices present ongoing challenges. Key industry players like Thyssenkrupp AG and Voestalpine AG are investing in production capacity expansions, with Thyssenkrupp announcing a EUR 200 million upgrade to its electrical steel facilities in 2023 to meet growing transformer demand.

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Top 10 Companies in the Europe Grain Oriented Electrical Steel Market (2026)

🔟 10. Thyssenkrupp AG

Headquarters: Duisburg, Germany
Key Offering: High‑grade grain oriented electrical steel, transformer cores, advanced R&D solutions

Thyssenkrupp AG has positioned itself as a leading supplier of GOES, focusing on high‑performance transformer cores that reduce core losses by up to 30%. The company’s 2023 €200 million upgrade of its electrical steel plant underscores its commitment to meeting the escalating demand for energy‑efficient transformers in Europe’s renewable grid.

Sustainability & Growth Initiatives:

• Invested €200 m in plant upgrade to boost capacity and reduce CO₂ emissions.
• Achieved 25% reduction in carbon intensity across its steel production lines.
• Partnered with Siemens Energy to develop next‑generation amorphous steel solutions.

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9️⃣ 9. Voestalpine AG

Headquarters: Linz, Austria
Key Offering: GOES for transformers, high magnetic strength grades, precision manufacturing

Voestalpine AG continues to expand its GOES portfolio, leveraging its integrated European production network to deliver high‑performance steel for power transformers and generators. The company’s focus on automation and digitalization has enabled a 15% cost reduction in steel production.

Sustainability & Growth Initiatives:

• Joint development agreement with Siemens Energy for next‑generation transformer cores.
• Implemented a 15% cost reduction strategy through advanced automation.
• Invested in renewable energy projects to power its manufacturing facilities.

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8️⃣ 8. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: GOES, high‑permeability grades, transformer solutions

ArcelorMittal’s strategic investments in France and Belgium have strengthened its GOES capabilities. The €120 m upgrade at the Dunkirk plant has expanded capacity and improved material quality for high‑efficiency transformers.

Sustainability & Growth Initiatives:

• €120 m upgrade to Dunkirk plant to enhance GOES production.
• Achieved 20% improvement in energy efficiency across steel mills.
• Collaborated with EDF on grid modernization projects.

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7️⃣ 7. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: GOES for power transformers, domain‑refined grades

Nippon Steel is a global leader in high‑performance steel, providing GOES that meets stringent European efficiency standards. The company is actively researching domain refinement to further reduce core losses.

Sustainability & Growth Initiatives:

• Investing in hydrogen‑based steel production to cut CO₂ emissions.
• Reduced carbon intensity by 10% through process optimization.
• Partnered with Mitsubishi to develop advanced magnetic materials.

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6️⃣ 6. Tata Steel Europe

Headquarters: IJmuiden, Netherlands
Key Offering: GOES, sustainable production, high‑magnetic‑strength grades

Tata Steel Europe differentiates itself with a 25% reduction in carbon emissions at its IJmuiden plant, making it a benchmark for sustainable steel production in the EU.

Sustainability & Growth Initiatives:

• 25% CO₂ reduction since 2020 through energy‑efficient processes.
• 80% of electricity sourced from renewable energy.
• Partnership with NEL on hydrogen fuel cell projects.

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5️⃣ 5. AK Steel (Cleveland‑Cliffs)

Headquarters: Cleveland, USA
Key Offering: GOES for transformers, high‑quality electrical steel

AK Steel has embraced high recycling rates and electric furnaces to reduce its environmental footprint while maintaining high product quality for the European market.

Sustainability & Growth Initiatives:

• 90% of raw material derived from scrap steel.
• Investment in electric furnaces to cut emissions.
• Strategic partnership with GE on transformer technology.

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4️⃣ 4. POSCO

Headquarters: Pohang, South Korea
Key Offering: GOES, high‑permeability grades, transformer cores

POSCO’s focus on hydrogen steel and carbon‑neutral targets positions it as a key supplier of GOES for Europe’s growing renewable infrastructure.

Sustainability & Growth Initiatives:

• 15% reduction in CO₂ emissions through hydrogen integration.
• Planned hydrogen production facility by 2025.
• Collaboration with Hyundai on green transformer solutions.

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3️⃣ 3. Baosteel

Headquarters: Shanghai, China
Key Offering: GOES for transformers, advanced magnetic grades

Baosteel’s commitment to green steel has resulted in a 5% reduction in emissions and increased use of renewable energy across its production lines.

Sustainability & Growth Initiatives:

• 5% CO₂ cut through process optimization.
• 50% of electricity sourced from renewables.
• Partnership with EDF to support European grid upgrades.

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2️⃣ 2. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: GOES, high‑performance electrical steel

JFE Steel is advancing low‑carbon steel production and circular economy initiatives to meet European demand for high‑efficiency transformers.

Sustainability & Growth Initiatives:

• 12% reduction in carbon intensity through advanced processing.
• 95% scrap recycling rate.
• Partnership with Toyota on electric motor components.

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1️⃣ 1. NSSMC

Headquarters: Tokyo, Japan
Key Offering: GOES, hydrogen‑based steel, high‑magnetic‑strength grades

NSSMC is pioneering hydrogen steel to achieve zero‑emission production, aligning with Europe’s stringent environmental regulations.

Sustainability & Growth Initiatives:

• Hydrogen production facility planned for 2025.
• Zero‑emission target by 2035.
• Collaboration with Mitsubishi on next‑generation transformer cores.

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🌍 Outlook: The Future of Europe Grain Oriented Electrical Steel Market

Europe’s commitment to a carbon‑neutral grid, coupled with aggressive renewable energy targets, will continue to drive demand for GOES. The integration of high‑efficiency transformers and advanced magnetic materials is expected to unlock further cost savings and performance gains across power distribution networks.

📈 Key Trends Shaping the Market:

• Rapid expansion of renewable energy infrastructure, boosting transformer core demand.
• Ongoing grid modernization initiatives creating large‑scale investment opportunities.
• Technological breakthroughs in domain refinement and laser scribing, enabling thinner, higher‑performance steel.
• Strategic partnerships between steel producers and transformer manufacturers to secure supply chains.
• Growing focus on sustainability, with hydrogen steel and carbon‑neutral production becoming industry standards.

Europe Grain Oriented Electrical Steel Market – View in Detailed Research Report