Top 10 Companies in the Non Grain-oriented Electrical Steel Market (2026): Market Leaders Powering Global Electrification

MARKET INSIGHTS

Global Non Grain-oriented Electrical Steel market size was valued at USD 15,932.5 million in 2025. The market is projected to grow from USD 17,405.1 million in 2026 to USD 20,000.0 million by 2034, exhibiting a CAGR of 1.75% during the forecast period.

Non Grain-oriented Electrical Steel Market – View in Detailed Research Report

Non Grain-oriented Electrical Steel (NGOES) is a specialized soft magnetic material characterized by its isotropic magnetic properties, making it highly efficient for use in rotating electrical equipment. Unlike grain-oriented electrical steel, NGOES exhibits uniform magnetic characteristics in all directions, which is critical for applications requiring multi-directional magnetic flux paths. This material is primarily classified into medium/low grade and high grade, differentiated by their iron loss and permeability characteristics.

🔟 1. Baowu Steel Group

Headquarters: Shanghai, China
Key Offering: High-grade non grain-oriented electrical steel for electric vehicle traction motors

Baowu Steel Group is the world’s leading producer of non grain-oriented electrical steel, with a dominant share of the market. Their advanced production lines deliver high-permeability, low-core-loss grades that meet the stringent efficiency requirements of modern electric motors.

Sustainability Initiatives:

• Investing in low‑carbon steelmaking technologies
• Expanding renewable energy‑powered production facilities
• Targeting net‑zero emissions by 2050

9️⃣ 2. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Premium high‑grade NGOES with ultra‑low core loss for industrial motors and generators

Nippon Steel is a global leader in silicon steel technology, offering high‑performance grades that enable significant energy savings in power generation and industrial automation.

Sustainability Initiatives:

• Carbon‑neutral steel production roadmap
• Investment in hydrogen‑based reduction processes
• Partnerships for circular steel economy

8️⃣ 3. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: High‑grade NGOES for high‑frequency electric motors and transformers

JFE Steel delivers advanced magnetic materials that support the growing demand for high‑efficiency electric motors in automotive and industrial sectors.

Sustainability Initiatives:

• Energy‑efficient rolling mills
• Use of recycled scrap steel
• Emission reduction targets for 2030

7️⃣ 4. ArcelorMittal

Headquarters: Luxembourg
Key Offering: Global supply of NGOES for power transformers and industrial equipment

ArcelorMittal’s integrated production network enables consistent delivery of high‑quality magnetic steel to a worldwide customer base.

Sustainability Initiatives:

• Zero‑emission transport for logistics
• Renewable energy procurement for plants
• Steel recycling and circularity programs

6️⃣ 5. POSCO

Headquarters: Seoul, South Korea
Key Offering: NGOES for high‑performance electric vehicles and industrial motors

POSCO’s focus on high‑grade steel supports the rapid electrification of the automotive sector in Asia.

Sustainability Initiatives:

• Carbon‑neutral steel production roadmap
• Investment in green hydrogen technology
• Water‑recycling initiatives

5️⃣ 6. ThyssenKrupp

Headquarters: Essen, Germany
Key Offering: High‑grade NGOES for power generators and industrial automation

ThyssenKrupp’s advanced magnetic materials enable significant efficiency gains across power generation and industrial applications.

Sustainability Initiatives:

• Energy‑efficient steel mills
• Use of renewable energy in production
• Emission reduction targets for 2030

4️⃣ 7. Voestalpine

Headquarters: Linz, Austria
Key Offering: NGOES for high‑frequency motors and transformers

Voestalpine’s specialized production lines deliver magnetic steel that supports high‑efficiency electric motors in automotive and industrial sectors.

Sustainability Initiatives:

• Renewable energy integration in plants
• Carbon‑neutral steel production goal
• Waste‑to‑energy projects

3️⃣ 8. NLMK Group

Headquarters: Moscow, Russia
Key Offering: High‑grade NGOES for electric vehicle traction motors

NLMK’s focus on high‑performance steel supports the growing demand for electric vehicles in emerging markets.

Sustainability Initiatives:

• Energy‑efficient production processes
• Use of recycled scrap steel
• Emission reduction roadmap

2️⃣ 9. Tata Steel

Headquarters: Mumbai, India
Key Offering: NGOES for industrial motors and power transformers

Tata Steel’s high‑grade magnetic steel supports India’s electrification and industrial growth.

Sustainability Initiatives:

• Renewable energy adoption in plants
• Carbon‑neutral steel production target
• Recycling and circular economy initiatives

1️⃣ 10. Cleveland‑Cliffs Inc.

Headquarters: Cleveland, USA
Key Offering: High‑grade NGOES for electric vehicles and industrial applications

Cleveland‑Cliffs, through its AK Steel integration, delivers advanced magnetic materials that meet the efficiency demands of the U.S. automotive and industrial sectors.

Sustainability Initiatives:

• Energy‑efficient steelmaking processes
• Use of renewable energy in production
• Emission reduction targets for 2030

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🌍 Outlook: The Future of Non Grain-oriented Electrical Steel

The market is expected to experience steady growth driven by the electrification of transportation, expansion of renewable energy infrastructure, and increasing demand for energy‑efficient industrial equipment. Advances in thin‑gauge and high‑performance grades will further enhance the performance of electric motors and generators, positioning NGOs as a critical component in the global shift toward sustainable energy solutions.

📈 Key Trends Shaping the Market:

• Rapid adoption of electric vehicles and hybrid technologies
• Expansion of wind and solar power generation requiring high‑efficiency magnetic materials
• Regulatory mandates for energy efficiency and carbon reduction in industrial sectors
• Technological innovations in thin‑gauge and high‑frequency magnetic steel
• Strategic investments in sustainable steel production and circular economy initiatives