According to a comprehensive study by Intellectual Market Insights Research, the Global Global Electrical Steel Market size was valued at USD 29.60 Billion in 2023 and is poised to grow from USD 30.89 Billion in 2024 to USD 43.42 Billion by 2032, growing at a CAGR of 4.4% in the forecast period (2024-2032).

Global Electrical Steel Market Size, Share & Trends Analysis Report By Product, By Application, By Thickness, By End-Use Industry and Geography, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031.

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1. ArcelorMittal

• Founding Year: 2006 (through the merger of Arcelor and Mittal Steel)
• Headquarters: Luxembourg City, Luxembourg
• Website: www.arcelormittal.com
• About Us: ArcelorMittal is the world’s leading steel and mining company, with a presence in over 60 countries. The company specializes in producing high-quality steel products for industries like automotive, construction, and energy, including electrical steel for transformers and motors.
• Total Number of Employees: Over 157,000
• Revenue (USD): $79.8 billion

2. POSCO

• Founding Year: 1968
• Headquarters: Pohang, South Korea
• Website: www.posco.com
• About Us: POSCO is one of the world’s largest steel producers and a leader in innovative steelmaking. The company offers a range of advanced steel products, including electrical steel used in energy-efficient motors and power transformers.
• Total Number of Employees: 27,000
• Revenue (USD): $57.3 billion

3. Voestalpine AG

• Founding Year: 1938
• Headquarters: Linz, Austria
• Website: www.voestalpine.com
• About Us: Voestalpine AG is a globally active steel and technology group known for producing high-quality electrical steel used in renewable energy systems, efficient motors, and transformers.
• Total Number of Employees: 49,000
• Revenue (USD): $18.2 billion

4. China Baowu Steel Group Corporation

• Founding Year: 2016 (merger of Baosteel and Wuhan Iron & Steel)
• Headquarters: Shanghai, China
• Website: www.baowugroup.com
• About Us: As the largest steel producer globally, Baowu Steel leads in advanced steel solutions, including grain-oriented electrical steel for high-efficiency transformers.
• Total Number of Employees: 200,000
• Revenue (USD): $150 billion

5. Nippon Steel Corporation

• Founding Year: 1950
• Headquarters: Tokyo, Japan
• Website: www.nipponsteel.com
• About Us: Nippon Steel Corporation is a global leader in the steel industry, offering advanced products, including non-grain-oriented and grain-oriented electrical steel for use in motors, generators, and transformers.
• Total Number of Employees: 100,000
• Revenue (USD): $55 billion

6. United States Steel Corporation (U.S. Steel)

• Founding Year: 1901
• Headquarters: Pittsburgh, Pennsylvania, USA
• Website: www.ussteel.com
• About Us: U.S. Steel is a leading integrated steel producer with a history of innovation in the industry, producing electrical steel products used in various industrial and automotive applications.
• Total Number of Employees: 22,000
• Revenue (USD): $21 billion

7. Tata Steel Limited

• Founding Year: 1907
• Headquarters: Mumbai, India
• Website: www.tatasteel.com
• About Us: Tata Steel is one of the world's most geographically diversified steel producers, manufacturing high-quality electrical steel for the automotive, energy, and consumer goods sectors.
• Total Number of Employees: 65,000
• Revenue (USD): $34 billion

8. Thyssenkrupp AG

• Founding Year: 1999 (merger of Thyssen AG and Krupp)
• Headquarters: Essen, Germany
• Website: www.thyssenkrupp.com
• About Us: Thyssenkrupp AG is a diversified industrial group with expertise in high-performance electrical steel for energy-efficient motors and transformers.
• Total Number of Employees: 98,000
• Revenue (USD): $41.4 billion

9. JFE Steel Corporation

• Founding Year: 2003
• Headquarters: Tokyo, Japan
• Website: www.jfe-steel.co.jp
• About Us: JFE Steel is a leading steelmaker producing high-performance electrical steel sheets used in energy-efficient devices like transformers and electric motors.
• Total Number of Employees: Over 45,000
• Revenue (USD): $31 billion

10. Nucor Corporation

• Founding Year: 1940
• Headquarters: Charlotte, North Carolina, USA
• Website: www.nucor.com
• About Us: Nucor Corporation is the largest steel producer in the U.S., offering advanced electrical steel products for automotive, industrial, and energy applications.
• Total Number of Employees: 31,000
• Revenue (USD): $39.4 billion

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