The Global Cold Rolled Non-Oriented Electrical Steel Market was valued at USD 16.23 Billion in 2023 and is projected to reach USD 21.55 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period (2024-2032). This growth is being driven by increasing demand for energy-efficient motors, expansion of renewable energy infrastructure, and rapid electrification across automotive and industrial sectors.
As industries worldwide transition toward sustainable energy solutions, cold rolled non-oriented electrical steel has become a critical material for electric vehicle motors, generators, transformers, and home appliances. In this blog, we profile the Top 10 Companies in the Cold Rolled Non-Oriented Electrical Steel Market—recognized for their technological leadership, production capacity, and strategic innovations in electrical steel manufacturing.
🔟 1. Nippon Steel Corporation
Headquarters: Tokyo, Japan
Key Offering: High-grade non-oriented electrical steel for EV motors and industrial applications
Nippon Steel is a global leader in electrical steel production, commanding significant market share in Asia and North America. The company specializes in high-performance electrical steels with low iron loss characteristics, essential for energy-efficient motor applications.
Innovation Focus:
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Development of ultra-thin grain-oriented electrical steel
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Strategic partnerships with global automakers for EV motor solutions
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Investments in sustainable production technologies reducing CO2 emissions
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9️⃣ 2. POSCO
Headquarters: Pohang, South Korea
Key Offering: High-efficiency non-oriented electrical steel for automotive and industrial applications
POSCO is the world’s second-largest electrical steel producer, with advanced manufacturing capabilities for high-grade non-oriented electrical steel used in premium efficiency motors and generators.
Innovation Focus:
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Pioneer in high silicon non-oriented electrical steel
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Customized solutions for EV traction motors
8️⃣ 3. Baowu Steel Group (WISCO)
Key Offering: Non-oriented electrical steel for domestic appliances and industrial motors
As China’s largest steel producer, Baowu dominates the domestic electrical steel market through WISCO, with growing international presence through strategic acquisitions and partnerships.
Innovation Focus:
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Expansion of high-grade electrical steel production capacity
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Vertical integration with Chinese EV manufacturers
7️⃣ 4. JFE Steel Corporation
Headquarters: Tokyo, Japan
Key Offering: Premium non-oriented electrical steel for high-performance applications
JFE Steel is renowned for its advanced electromagnetic steel products, serving the automotive, industrial equipment, and energy sectors with its high-efficiency electrical steel solutions.
Innovation Focus:
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Development of ultra-low core loss materials
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Specialized products for high-speed motor applications
Download FREE Sample Report: Cold Rolled Non-Oriented Electrical Steel Market – View in Detailed Research Report
6️⃣ 5. ArcelorMittal
Headquarters: Luxembourg
Key Offering: Comprehensive range of non-oriented electrical steels
ArcelorMittal is Europe’s largest producer of electrical steels, with a strong presence across all major markets. The company supplies advanced electrical steel solutions for automotive and industrial applications worldwide.
Innovation Focus:
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Sustainable steel production initiatives
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R&D in high-performance motor steels
5️⃣ 6. ThyssenKrupp
Headquarters: Essen, Germany
Key Offering: Premium non-oriented electrical steel for automotive and industrial applications
ThyssenKrupp is a leading European supplier of electrical steels, with specialized products for electric vehicle motors and high-efficiency industrial applications.
Innovation Focus:
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Development of next-gen electrical steels for compact motor designs
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Digitalization of production processes
4️⃣ 7. NLMK Group
Headquarters: Moscow, Russia
Key Offering: Cost-effective non-oriented electrical steel for industrial applications
NLMK is a major player in the CIS and European markets, supplying electrical steel primarily to industrial motor manufacturers and transformer producers.
Innovation Focus:
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Optimization of magnetic properties through advanced processing
Expansion of high-grade electrical steel production
3️⃣ 8. Voestalpine
Headquarters: Linz, Austria
Voestalpine specializes in premium non-oriented electrical steels for demanding applications in automotive, aerospace, and industrial sectors.
Innovation Focus:*
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Customized solutions for high-speed motor applications
Development of specialized coating technologies
2️⃣ 9. Tata Steel
Key Offering: Non-oriented electrical steel for domestic and industrial markets
Tata Steel is India’s leading electrical steel producer, serving growing domestic demand while expanding its global footprint, particularly in Southeast Asia.
Innovation Focus:
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Development of cost-competitive electrical steel grades
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Strategic expansion in EV motor materials
1️⃣ 10. AK Steel (Cleveland-Cliffs至
Headquarters: West Chester, Ohio, USA
Key Offering:能High-performance non-oriented electrical steel
AK Steel, now part of Cleveland-Cliffs, is a key North American supplier of electrical steel, providing materials for automotive applications and industrial motors.
Innovation Focus:
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Development of advanced heat-resistant electrical steel
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Tailored solutions for electric vehicle powertrains
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Get Full Report Here: Cold Rolled Non-Oriented Electrical Steel Market – View in Detailed Research Report
🌍 Outlook: The Future of Non-Oriented Electrical Steel Is Efficient and Sustainable
The cold rolled non-oriented electrical steel market is undergoing significant transformation as industries worldwide prioritize energy efficiency and electrification. While traditional applications continue to dominate demand, new growth opportunities are emerging from the electric vehicle revolution and renewable energy expansion.
📈 Key Trends Shaping the Market:
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Accelerating demand for high-grade electrical steels in EV motors
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Development of thin-gauge non-oriented electrical steels for high-speed applications
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Growing focus on sustainable production methods in steel manufacturing
The companies profiled above are not only shaping today’s electrical steel market—they’re developing the materials that will power the electrified future of transportation and industry.
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