ELECTRICAL STEEL MARKET ANALYSIS
Electric Steel Market: Recent Developments
In May 2021, JFE Steel Corporation and JSW Steel Limited (JSW) agreed to explore the possibility of forming a joint venture company in India to produce and sell grain-oriented electrical steel sheets.
In November 2020, Nippon Steel stated that it would spend about US$ 1 Billion to enhance its electrical steel sheet operations at two sites in Japan. In the first half of 2023, after a number of steps to boost capacity and quality go into full effect, production capacity is projected to rise by almost 40%.
March 2021, ArcelorMittal's Saint Chély d'Apcher, France factory, which produces iCARe electrical steels for the automobile industry, received an investment of €13 Billion. By modernizing production to satisfy the needs of the growing electro-mobility market, the factory will be able to produce state-of-the-art non-grain-oriented (NO) iCARe electrical steel grades thanks to the investment.
In May of 2021, JFE Steel Corporation and JSW Steel Limited (JSW) agreed to work together on a feasibility study for establishing a joint venture company in India dedicated to the manufacturing and marketing of grain-oriented electrical steel sheets.
Need a Custom Report?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowPress Release
Credibility and Certifications
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
U.S.: 
U.K. : 
India : 
