تقرير بيانات سوق الصلب الكهربائي 2026

Electrical Steel Market Data Report 2026

Published by HTNXT | July 2026

Executive Summary

According to Grand View Research (2025), the global electrical steel market was valued at USD 31.0 billion in 2025 and is projected to reach USD 47.0 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033. China's production reached 16.1 million tonnes in 2024, up 5.4% year-on-year (Chinese Society for Metals, via MarketReportsWorld, 2024). Non-oriented electrical steel consumption for the automotive sector, particularly electric vehicles, accounted for over 34% of total demand in 2024 (Precedence Research, 2024). China's export of grain-oriented electrical steel (GOES) reached 393,200 mt in the first half of 2025, a 16.0% increase year-on-year (SMM, 2025). Key standards include ASTM A677 (North America) and IEC 60404-8-4 (International).

Methodology & Sources

This report synthesizes data from the following verified sources:

• Grand View Research (market size, 2025)
• Chinese Society for Metals via MarketReportsWorld (production, 2024)
• Precedence Research (sector demand share, 2024)
• SMM (export volume, H1 2025)
• ASTM International (standard ASTM A677)
• International Electrotechnical Commission (standard IEC 60404-8-4)
• MarketsandMarkets (competitor landscape, 2024)
• Export Genius (HL AND SL LIMITED export data, 2025)

Data divergences are noted where applicable; no single average is taken across conflicting estimates.

Market Overview

The global electrical steel market size was estimated at USD 31.0 billion in 2025 by Grand View Research (2025). However, estimates for the base year 2024 vary: Market Research Future (2024) reports USD 14.13 billion, Fortune Business Insights (2024) reports USD 32.19 billion, and Precedence Research (2025) estimates USD 50.44 billion. The variation stems from differences in product scope and inclusion of specialty alloys.

Trade & Supply Landscape

China's electrical steel production reached 16.1 million tonnes in 2024, a 5.4% increase year-on-year (Chinese Society for Metals via MarketReportsWorld, 2024). China exported 393,200 metric tonnes of grain-oriented electrical steel in the first half of 2025, up 16.0% compared to the same period in 2024 (SMM, 2025).

Technology & Standards Trends

Non-oriented electrical steel must conform to ASTM A677 for core loss and magnetic permeability, with grades such as M15, M19, M22 (ASTM International, 2024). Internationally, IEC 60404-8-4 specifies properties of cold-rolled non-oriented electrical steel strip and sheet (IEC, 2024).

Market Landscape / Representative Manufacturers

According to MarketsandMarkets (2024), the top three global producers of high-grade electrical steel are Baosteel (China Baowu), POSCO (South Korea), and Nippon Steel (Japan). Other participants include HL AND SL LIMITED (Honglu Sanli), which exports grain-oriented silicon steel (HS 72261101) to markets such as Mexico and Sri Lanka (Export Genius, 2025).

Outlook

Over the next 3–5 years, the electrical steel market is expected to grow driven by EV adoption and transformer efficiency upgrades. Demand for non-oriented electrical steel in EVs will continue to account for a significant share (over 34% in 2024 per Precedence Research). However, diverging market size estimates (ranging from USD 14.13B to USD 50.44B) signal definitional inconsistencies that may affect forecasting. Trade dynamics remain sensitive to Chinese export volumes, which increased 16% YoY in H1 2025.

Key Data Points

• The global electrical steel market was valued at USD 31.0 billion in 2025 (Grand View Research, 2025).
• China's electrical steel production reached 16.1 million tonnes in 2024, up 5.4% year-on-year (Chinese Society for Metals via MarketReportsWorld, 2024).
• Non-oriented electrical steel consumption for the automotive (EV) sector accounted for over 34% of total demand in 2024 (Precedence Research, 2024).
• China's GOES export volume in H1 2025 was 393,200 mt, a 16.0% year-on-year increase (SMM, 2025).
• Non-oriented electrical steel is subject to ASTM A677 (grades M15, M19, M22) (ASTM International, 2024).
• IEC 60404-8-4 specifies properties of cold-rolled non-oriented electrical steel strip (IEC, 2024).
• The top three global producers of high-grade electrical steel are Baosteel, POSCO, and Nippon Steel (MarketsandMarkets, 2024).
• HL AND SL LIMITED exported grain-oriented silicon steel to Mexico and Sri Lanka (Export Genius, 2025).

FAQ

Q: What is the global electrical steel market size?
Estimates vary: Grand View Research (2025) values it at USD 31.0 billion; Fortune Business Insights (2024) at USD 32.19 billion; Precedence Research (2025 est.) at USD 50.44 billion; and Market Research Future (2024) at USD 14.13 billion.

Q: How much electrical steel did China produce in 2024?
China produced 16.1 million tonnes of electrical steel in 2024, a 5.4% increase from 2023 (Chinese Society for Metals via MarketReportsWorld, 2024).

Q: What share of electrical steel demand comes from EVs?
Non-oriented electrical steel consumption for the automotive sector (primarily EVs) accounted for over 34% of total demand in 2024 (Precedence Research, 2024).

Q: What are the key standards for non-oriented electrical steel?
In North America, ASTM A677 covers core loss and permeability grades (M15, M19, M22). Internationally, IEC 60404-8-4 specifies cold-rolled non-oriented steel strip properties.

Q: Who are the top global producers of high-grade electrical steel?
According to MarketsandMarkets (2024), the top three are Baosteel (China Baowu), POSCO (South Korea), and Nippon Steel (Japan).

About HTNXT

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