Electrical Steel Market 2020 Analysis by Global Manufacturers – JFE Steel Corporation, Essar Steel, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, Baosteel, Voestalpine Group, ArcelorMittal

The Electrical Steel Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE) - JFE Steel Corporation, Essar Steel, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, Baosteel, Voestalpine Group, ArcelorMittal, Steel Authority of India Limited, United States Steel Corporation, POSCO and Other.

JFE Steel Develops JNRF™ Silicon-gradient Steel Sheet for High-speed Motors
—Minimizes high-frequency iron loss and improves high magnetic flux density—

December 3, 2020: JFE Steel Corporation announced today its recently developed JNRF™ silicon-gradient steel sheet for use in high-speed motors, which the company produces using proprietary chemical vapor deposition (CVD) technology for continuous siliconizing.1 The new material reduces high-frequency iron loss2 and improves magnetic flux density, thereby helping to increase motor torque and significantly improve efficiency for energy conservation.

Electrical steel sheets, which are used widely as an iron core material for electrical equipment such as motors and transformers, are a key material governing the performance of electrical equipment. In recent years, efforts to increase driving frequency for the downsizing of electrical equipment have created needs to reduce iron loss in electrical steel sheets used in applications involving high-frequency drive. Silicon increases the electrical resistance of steel, so increasing the amount silicon helps to reduce iron loss in the high frequency range. JFE Steel developed a proprietary technology for CVD continuous siliconizing, and then used this process to produce JNEX Core®, a high-silicon (6.5%) steel sheet, and JNHF Core®, a silicon-gradient steel sheet with increased silicon concentration in its surface layer, both of which will enable JFE Steel customers to develop higher-quality products

Backed by ArcelorMittal and Nippon Steel, AM/NS Is New Face for Electrical Steel Production in India

July 9, 2020: Backed by the deep pockets and persistence of ArcelorMittal and Nippon Steel, AM/NS is emerging as the new face of Essar Steel in India, a large but insolvent manufacturer of electrical and other steel products that the two partners finally rescued from bankruptcy. Now they are focused on growth.  ArcelorMittal, one of the world’s leading steel and mining companies, and Nippon Steel, Japan’s largest steel producer, teamed up to gain an entry to the robust Indian domestic steel market where electrification and e-mobility manufacturing are on a strong upward curve, with demand rising about 6% annually. ArcelorMittal owns 60% of the new joint venture and Nippon Steel, 40%, in an acquisition of Essar that was valued at about $5.7 billion.

Perseverance and a long-term view finally paid off for the two companies. Both had been seeking a doorway into the Indian market and the path through bankruptcy took a grueling 865 days including time with the Indian Supreme Court. 

Essar Steel eyes hike in value-added steel share to 60%

October 22, 2019: Integrated steel producer Essar Steel is looking to increase the share of its value-added products to touch 60%, going forward, from the present over 50% revenue being generated from this category, it is learnt from market sources. The whole idea is to move away from the commodity grades into the value-added segment where the competition is less. These are niche products meant for a particular customer.

This year, source said, Essar Steel has developed heavy engineering and Defence sector products. Its steel is being used in warships at present as well as in bullet-proof steels, armoured vehicles, battle tanks etc. These are very special grades being developed for the first time in the country. And, probably, sources said, the company will provide the largest product range for Defence sector applications, looking into the future.

There was a 42% increase in its niche product sales in financial year 2017-18 (FY18) compared to FY17, supported by the implementation of regulatory norms (BS IV) in the automotive sector from April 1, 2017. The usage of high strength steel will continue to increase further at Essar Steel with the implementation of stringent BS VI norms in 2020 and the company has ensured that it is fully equipped to meet the challenges.

Market Segmentation:

Segmentation by Type

Sheets
Bars

Segmentation by Application

Transformers
Motors
Inductors

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INFLUENCE OF THE ELECTRICAL STEEL MARKET REPORT:

-Comprehensive assessment of all opportunities and risk in the Electrical Steel market.

- Electrical Steel market recent innovations and major events.

-A detailed study of business strategies for growth of the Electrical Steel market-leading players.

-Conclusive study about the growth plot of Electrical Steel market for forthcoming years.

-In-depth understanding of Electrical Steel market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Electrical Steel market.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The Electrical Steel Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

The report has 150 tables and figures browse the report description and TOC:

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FIND OUT:

Electrical Steel market: Where are the opportunities? What does the future look like for Electrical Steel? What will be the market size in the next 5 years?

Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?

Technology: How are new technologies shaping the market?

What are the new revenue channels which companies can explore for growth?

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The Global Flat Steel Market was valued at USD 394.5 Billion in 2018 and is projected to reach USD 574.6 Billion by 2026, growing at a CAGR of 4.8% from 2019 to 2026.   

Steel Strapping Market:

https://www.marketinsightsreports.com/reports/01162547393/global-steel-strapping-market-research-report-2021?source=Openpr&Mode=12    

Steel Frames Market:

https://www.marketinsightsreports.com/reports/01142546756/global-steel-frames-market-research-report-2021?source=Openpr&Mode=12    

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