The Global Grain Oriented Electrical Steel Market was valued at USD 6.60 Billion in 2021 and is projected to reach USD 8.11 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period (2022–2028). This steady growth is primarily fueled by the global push for energy efficiency, the modernization of power grids, and the escalating demand for electricity, particularly from renewable energy sources, which rely on efficient transformers and generators.

As the world intensifies its focus on building a sustainable and resilient energy infrastructure, the critical role of high-performance core materials becomes undeniable. In this blog, we profile the Top 10 Companies in the Grain Oriented Electrical Steel Industry—a group of global steel giants and specialized manufacturers who are engineering the magnetic heart of our electrified future.

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🔟 1. Baowu Group

Headquarters: Shanghai, China
Key Offering: High Magnetic Strength GOES, Conventional GOES, Domain Refinement GOES

Baowu Group is the world’s largest steel producer and a dominant force in the grain oriented electrical steel market. Its advanced products are essential for high-efficiency transformers used in power transmission and distribution networks across the globe, with a significant focus on serving the massive domestic infrastructure and renewable energy markets in China and beyond.

Innovation and Capacity Initiatives:

• Substantial investments in R&D for ultra-high magnetic induction grades

• Leading the production scale for energy-efficient transformer cores in Asia

• Commitment to reducing the carbon footprint of steel production processes

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9️⃣ 2. Nippon Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: OrientiCore™ GOES, high-grade domain refinement steels

Nippon Steel is a global technology leader in high-grade grain oriented electrical steel, renowned for its OrientiCore™ brand. The company’s products are celebrated for their low core loss and high magnetic flux density, making them the preferred choice for manufacturers of large power transformers and high-efficiency generators worldwide.

Innovation and Capacity Initiatives:

• Pioneering development of grain-oriented silicon steel with laser and plasma processing

• Strategic expansions to meet growing global demand for next-generation transformers

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8️⃣ 3. NLMK Group

Headquarters: Moscow, Russia
Key Offering: Cold-rolled grain-oriented (CRGO) steel, various grades for transformer cores

NLMK Group is a major international steelmaker with a strong position in the European and Russian electrical steel markets. Its specialty is producing high-quality grain oriented steel that meets stringent international standards for power and distribution transformers, serving utility companies and electrical equipment manufacturers.

Innovation and Capacity Initiatives:

• Focus on optimizing production technology for improved magnetic properties

• Supply chain integration to serve key energy infrastructure projects in EMEA regions

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7️⃣ 4. AK Steel (Cleveland-Cliffs)

Headquarters: West Chester, Ohio, USA
Key Offering: AK Steel Oriented Electrical Steels, including premium high-permeability grades

As part of Cleveland-Cliffs, AK Steel is a leading North American producer of grain oriented electrical steel. The company’s products are critical components in the North American power grid, used extensively by transformer manufacturers to enhance grid reliability and efficiency, particularly amid the region’s grid modernization efforts.

Innovation and Capacity Initiatives:

• Development of advanced grades for reduced energy loss in transformers

• Key supplier for U.S. Department of Energy initiatives on grid resiliency

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6️⃣ 5. Shougang Group

Headquarters: Beijing, China
Key Offering: Grain oriented silicon steel sheets for transformers and reactors

Shougang Group is another Chinese steelmaking titan with a significant and growing footprint in the electrical steel sector. The company produces a wide range of grain oriented electrical steels that support China’s rapid urbanization and the expansion of its ultra-high-voltage (UHV) transmission network, one of the most advanced in the world.

Innovation and Capacity Initiatives:

• Continuous improvement in production yields and product quality

• Strategic alignment with national energy policy and infrastructure goals

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5️⃣ 6. Posco

Headquarters: Pohang, South Korea
Key Offering: POSCO Electrical Steel, including high-efficiency GOES products

Posco, a leading steelmaker in South Korea, is a key supplier of high-quality grain oriented electrical steel in the Asian market. The company’s expertise lies in manufacturing steels that enable the production of compact, efficient transformers, which are crucial for modern smart grids and urban power systems.

Innovation and Capacity Initiatives:

• Investment in technologies to produce thinner gauges with superior magnetic performance

• Focus on sustainability through energy-efficient manufacturing practices

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4️⃣ 7. JFE Steel Corporation

Headquarters: Tokyo, Japan
Key Offering: JFE Super Core™, high-grade grain oriented electrical steel

JFE Steel is a major Japanese competitor known for its JFE Super Core™ brand, which offers exceptionally low core loss. This makes it ideal for large-scale power transformers that operate continuously, helping to reduce energy waste on a global scale and supporting the integration of volatile renewable energy sources into the grid.

Innovation and Capacity Initiatives:

• Leadership in developing products for next-generation, high-capacity transformers

• Strong R&D focus on materials science for electromagnetic applications

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3️⃣ 8. ThyssenKrupp

Headquarters: Essen, Germany
Key Offering: Powercore® grain oriented electrical steel

ThyssenKrupp is a prominent European producer of electrical steels, with its Powercore® brand being a benchmark for quality. The company serves the sophisticated European market, where stringent energy efficiency regulations drive demand for the highest-performance materials in transformers and large electric motors.

Innovation and Capacity Initiatives:

• Production of tailored solutions for the European Green Deal’s energy efficiency targets

• Emphasis on sustainable production and circular economy principles

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2️⃣ 9. Stalprodukt S.A.

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

Stalprodukt S.A. is a significant European manufacturer specializing in cold-rolled grain-oriented electrical steel. The company has a strong presence in the European Union, supplying steel for distribution transformers that are essential for maintaining and upgrading the region’s power distribution infrastructure.

Innovation and Capacity Initiatives:

• Focus on niche grades and customized solutions for specific transformer designs

• Leveraging its strategic location in Central Europe to serve key markets

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1️⃣ 10. Baotou Weifeng

Headquarters: Baotou, Inner Mongolia, China
Key Offering: Grain oriented electrical steel for medium and large transformers

Baotou Weifeng is an important player in the Chinese electrical steel landscape. The company contributes to the domestic supply chain for electrical steel, supporting China’s massive investments in power infrastructure and the ongoing transition towards a more digitalized and efficient energy system.

Innovation and Capacity Initiatives:

• Expansion of production capabilities to meet rising domestic demand

• Collaboration with transformer manufacturers on product development

Get Full Report Here: Grain Oriented Electrical Steel Market – View in Detailed Research Report

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🌍 Outlook: The Future of Grain Oriented Electrical Steel Is Smarter and More Efficient

The grain oriented electrical steel market is undergoing a significant evolution. While conventional grades continue to form the market’s backbone, the industry is heavily investing in next-generation materials, advanced production technologies, and thinner gauges to meet the world’s escalating demand for energy efficiency.

📈 Key Trends Shaping the Market:

• Rising demand for High Magnetic Strength and Domain Refinement grades to minimize energy loss in transformers

• Global grid modernization and renewable energy integration projects driving volume growth

• Stringent government regulations worldwide mandating higher energy efficiency standards for electrical equipment

• Increased R&D focused on producing ultra-thin GOES for high-frequency applications

Get Full Report Here: Grain Oriented Electrical Steel Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are enabling the efficient transmission and distribution of electricity that powers modern society and its sustainable future.