The Global Electrical Silicon Steel Market was valued at USD 38.43 billion in 2022 and is projected to reach USD 50.66 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2023–2030). This growth is being driven by the rising demand for energy-efficient transformers and motors in renewable energy applications, the expansion of electric vehicle production, and the push for sustainable manufacturing practices in the power and electronics sectors.

As the energy sector shifts toward electrification and sustainability, the focus turns to the key producers of electrical silicon steel who are advancing material science, enhancing magnetic properties, and supporting the global transition to low-carbon technologies. In this blog, we profile the Top 10 Companies in the Electrical Silicon Steel Industry—a blend of established steel giants, specialized manufacturers, and innovators leading the charge in high-performance electrical steels for transformers, generators, and electric motors.

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🔟 1. Baosteel Group

Headquarters: Shanghai, China
Key Offering: Grain-Oriented Electrical Steel (GOES), Non-Grain-Oriented Electrical Steel (NGOES), High-Permeability Silicon Steel

Baosteel, a subsidiary of China Baowu Steel Group, stands as one of the world’s largest producers of electrical silicon steel, supplying premium grades to the global power equipment industry. Their products are essential for core materials in distribution transformers and large power generators, with a strong emphasis on reducing core losses to improve energy efficiency, meeting surging demand from Asia’s renewable energy projects.

Sustainability Initiatives:

• Implementation of low-carbon steelmaking processes using hydrogen reduction

• Recycling over 90% of production scrap to reduce raw material consumption

• Targets for carbon-neutral operations by 2050, aligning with China’s green manufacturing goals

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

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9️⃣ 2. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Hi-B GOES, Super Core Silicon Steel, NGOES for Motors

Nippon Steel is a pioneer in high-grade electrical silicon steel, renowned for its Hi-B series that offers exceptionally low iron losses, making it ideal for high-efficiency transformers, supplying over 1 million tons annually to utilities, electronics firms, and the EV sector.

Sustainability Initiatives:

• Adoption of electric arc furnaces powered by renewable energy

• Development of silicon steel with recycled content exceeding 50%

• Participation in Japan’s Green Growth Strategy for decarbonizing steel production

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8️⃣ 3. thyssenkrupp Steel Europe

Headquarters: Duisburg, Germany
Key Offering: PowerCore GOES and NGOES, Coated Silicon Steel

thyssenkrupp is a European powerhouse in electrical silicon steel, producing materials that meet stringent EU efficiency standards, with their PowerCore line minimizing eddy current losses for large-scale power transformers and industrial motors, exceeding 500,000 tons per year.

Sustainability Initiatives:

• Transition to green hydrogen in direct reduction processes

• Energy recovery systems capturing 95% of waste heat in mills

• Commitment to climate-neutral steel by 2045 under European Green Deal

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7️⃣ 4. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: Super Dy-Core GOES, High-Strength NGOES, Oriented Silicon Steel

JFE Steel excels in silicon steel for high-performance applications, with Super Dy-Core boasting the lowest core loss for grain-oriented varieties, serving global power distribution and consumer electronics with thin-gauge sheets under 0.23 mm.

Sustainability Initiatives:

• Utilization of biomass in sintering processes to cut CO2 emissions

• Advanced wastewater treatment for zero-discharge silicon processing

• Aim for 30% reduction in GHG emissions by 2030 through tech upgrades

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

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6️⃣ 5. Cleveland-Cliffs Inc. (formerly AK Steel)

Headquarters: Cleveland, Ohio, USA
Key Offering: TRAN-COR GOES, DI-MAX NGOES, Silicon Steel Laminations

Cleveland-Cliffs has solidified its position as North America’s leading producer following the AK Steel acquisition, focusing on high-permeability grades for utility transformers, producing over 300,000 tons yearly for domestic renewables and exports.

Sustainability Initiatives:

• Shift to electric arc furnaces using scrap metal for lower emissions

• Water conservation measures recycling 80% in processing

• Net-zero roadmap by 2050 with investments in carbon capture

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5️⃣ 6. Tata Steel Europe

Headquarters: London, United Kingdom
Key Offering: Cogent GOES, Non-Oriented Silicon Steel, Coated Variants

Tata Steel leads in Europe with its Cogent brand, offering premium electrical silicon steel for power generation, producing specialized grades up to 3.2% silicon for offshore wind farm transformers, supporting the EU’s energy transition.

Sustainability Initiatives:

• Pilot projects for hydrogen-based direct reduced iron production

• 100% renewable electricity for European operations by 2030

• Life-cycle assessments to minimize environmental impact of steel products

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4️⃣ 7. POSCO

Headquarters: Pohang, South Korea
Key Offering: HI-B GOES, NGOES for Appliances, High-Silicon Alloys

POSCO dominates Asia’s market with HI-B oriented steel setting low-loss benchmarks, producing around 400,000 tons yearly for appliances to hydro generators, supporting compact electronics and efficient power tools.

Sustainability Initiatives:

• Green steel initiatives using ocean-based raw materials

• CO2 utilization in chemical production from steel mill gases

• Goal of carbon-neutral steelmaking by 2050 with tech collaborations

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

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3️⃣ 8. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offering: Grain-Oriented Silicon Steel, NGOES for Motors, Electrical Grades

As the world’s largest steel producer, ArcelorMittal delivers high-quality silicon steel for transformers and machinery, supplying over 200,000 tons annually with optimized silicon for balanced properties, supporting renewables.

Sustainability Initiatives:

• XCarb program for low-emission steel with customer offsets

• Electric vehicle recycling to recover silicon steel components

• Investments in CCUS technologies to abate 10 million tons CO2 annually

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2️⃣ 9. Stalprodukt SA

Headquarters: Bochnia, Poland
Key Offering: Oriented and Non-Oriented Silicon Steel, Transformer Cores

Stalprodukt SA specializes in electrical silicon steel for Europe, producing GOES and NGOES with custom specs for power equipment, outputting premium sheets for distribution transformers in Central and Eastern Europe.

Sustainability Initiatives:

• Energy-efficient furnaces reducing natural gas use by 15%

• Local sourcing of silicon to shorten supply chains

• Compliance with EU ETS for emission trading and reductions

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1️⃣ 10. Tempel Steel

Headquarters: Chicago, Illinois, USA
Key Offering: Custom Silicon Steel Laminations, GOES and NGOES Stacks

Tempel Steel is a value-added processor transforming raw coils into precision laminations for motors and transformers, operating facilities across the U.S. and Mexico to serve automotive and appliance industries with tailored solutions.

Sustainability Initiatives:

• Lean manufacturing to cut waste and energy in processing

• Return programs for scrap recycling with suppliers

• Certifications in ISO 14001 for environmental management

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

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🌍 Outlook: The Future of Electrical Silicon Steel Is More Efficient and Sustainable

The electrical silicon steel market is evolving rapidly. Traditional applications in power generation persist, but the sector is pouring resources into advanced materials for electrification, high-frequency uses, and reduced environmental impact through greener production methods.

📈 Key Trends Shaping the Market:

• Expansion of high-silicon variants for next-gen EV motors and wireless power transfer

• Regulatory mandates in EU and US for energy-efficient appliances driving premium steel adoption

• Integration of AI in production for optimized grain structures and quality control

• Collaborations between steelmakers and tech firms for custom solutions in smart grids

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

The companies listed above are not only supplying essential materials for the energy infrastructure—they’re pioneering the efficient and sustainable powering of tomorrow’s world.