United States Electrical Steel Market 2025 | Growth Drivers, Trends & Market Forecast, Competitive Landscape & Investment Opportunities

Market Size and Growth

The Global Electrical Steel Market is growing at a CAGR of 7.5% during the forecast period (2024-2031).

Key Development:

United States: Recent Industry Developments

✅ In June 2025, Nippon Steel Corporation completed the $14.9 billion acquisition of U.S. Steel Corporation, forming a global leader in electrical steel and accelerating high-efficiency steel development for EV and transformer markets.

✅ In May 2025, U.S. Steel's Big River Steel facility in Arkansas began ramping up production of non-grain-oriented electrical steel, backed by a multibillion-dollar investment to serve the fast-growing EV motor and energy infrastructure segments.

✅ In February 2025, ArcelorMittal announced plans to build a new electrical steel plant in Alabama, capable of producing 150,000 tons annually, to meet surging demand from the North American automotive and renewable energy sectors.

Japan: Recent Industry Developments

✅ In August 2025, Nippon Steel outlined an $11 billion investment plan through 2028 for its U.S. subsidiary to modernize operations and deploy advanced electrical steel sheet technology across global markets.

✅ In July 2025, Nippon Steel expanded its electrical steel sheet capacity at Setouchi Works by nearly 40%, aiming to strengthen supply for next-generation EV motors and green energy applications.

✅ In June 2025, Nippon Steel secured $1.75 billion in Japanese government funding to install new electric-arc furnaces at multiple domestic plants, boosting low-carbon, recycled-content electrical steel output by 2.9 million tons per year.

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Electrical steel is a specially engineered steel alloy containing silicon to enhance magnetic properties and reduce energy losses during electromagnetic conversion. It is widely used in transformers, motors, and generators to improve efficiency and performance in electrical and power applications.

Key Players:

=> ArcelorMittal S.A., Baosteel Group Corporation, Pohang Iron and Steel Company (POSCO), Nippon Steel & Sumimoto Metal, JFE Holdings Inc., Jiangsu Shagang Group, Tata Steel, The United States Steel Corporation (US Steel), Angang Steel Co. Ltd. and Gerdau.

Growth Forecast Projected:

The Global Electrical Steel Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Electrical Steel Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Type: Grain Oriented Electrical Steel, Non-Grain Oriented Electrical Steel

➥ By Application: Transformers, Motors & Generators, Inductors

➥ By End-User: Automotive Industry, Construction Industry, Manufacturing, Domestic Appliances, Energy

Regional Analysis for Electrical Steel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Electrical Steel producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Electrical Steel revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

Q: What is the growth rate of the Electrical Steel Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2031.

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