ArcelorMittal, Tata Steel and SAIL are Dominating the Global Electrical Steel Market in 2019

Global Electrical Steel Market is expected to grow with the CAGR of 7.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Electrical steel market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to the favourable market scenario.  

The major players dealing in the electrical steel market are introducing strong range of product portfolio. This has helped the companies to maximize the sales with enhanced product portfolio.

For instance,

  • In July 2020, SAIL company has launched a new alloy named R 260 grade which is used in the Indian railway. This development helps the company to increases product portfolio and revenue in the near future.
  • In May 2019, voestalpine AG has decided to launch the two electrical sheet products for the automotive industry which are sovac and backlack-v. This development will help the company to increase revenue in the future. 

ArcelorMittal is the dominating player in global electrical steel market. The other key players existing in the electrical steel market includes Tata Steel and SAIL Hesteel Group Tangsteel Company, ChinaSteel, JFE Steel Corporation (A Subsidiary of JFE Holdings, Inc.), Baosteel Group Hu, POSCO, thyssenkrupp AG, NIPPON STEEL CORPORATION, United States Steel, voestalpine AG, Electrosteel Steels Ltd. (A Subsidiary of Vedanta Resources Limited), SHAGANG GROUP Inc., Union Electric Steel Corporation (A Subsidiary of Ampco Pittsburgh Corporation.), Hebei Puyang Iron and Steel Group, ATI, Aperam, Cogent Power Limited and Sko-Die Inc.

Electrical Steel MarketArcelorMittal

ArcelorMittal is headquartered in Kirchberg, Luxembourg and was founded in 1976. The company is engaged in the manufacturing of steels for electric vehicles and renewable energy infrastructure for different industries. The company have business segment such as NAFTA, Brazil, Europe, ACIS and Mining, Others in which Europe is our market focused segment. The company have wide product category such as product catalogue, product document centre, steel solutions & co-engineering and products in the spotlight, out of which our market focused product category is products in the spotlight.  

  • In 2017, ArcelorMittal and Nippon Steel have acquired Essar Steel for USD 5.7 billion. This development has helped the company to increase the customer base and revenue.

The company has wide global presence across the globe such as Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ArcelorMittal Brasil (Brazil), Mittal Steel South Africa (South Africa), ArcelorMittal Kryvyi Rih (Ukraine), ESSAR Steel India Limited (India), Dofasco (Canada), and ArcelorMittal Bremen (Germany) many others.

Tata Steel

Tata Steel is headquartered in Maharashtra, India and it was founded in year 1907. The company is engaged in the manufacturing of ferro-alloys and minerals, tubes, wires, bearings, agrico which are used in different industries. The company have business segment such as tata steel India, bamnipal steel, tata steel long products, other Indian operations, tata steel Europe, other trade related operations, rest of world out of which our market focused segment is tata steel Europe. The company offers wide range of product categories such as engineering, automotive, construction and packaging under which engineering is the market focused category.

  • In June 2020, Tata Steel and Tata Steel Europe have been recognized as steel sustainability champions for the year from the past three years. This development helps the company to increase goodwill in the global market.

The company has a wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa with its various subsidiaries such as Tata Steel BSL (India), Tata Steel Long Products (India), Tata Metaliks (India), Tata Pigments (India), Catnic (U.K.), Tayo Rolls (India) and many others.

SAIL

SAIL is headquartered in New Delhi, India which was founded in 1959. The company is engaged in the manufacturing of broad range of steel products. The company have business segment such as BSP, DSP, RSP, BSL, ISP, ASP, SSP, VISL and others out of which market focused business segment is RSP. The company have product categories which are long products, flat products, pipes, railway products, semis and other products out of which our focused category is flat products.

  • In 2020 July, SAIL company has launched a new alloy named R 260 grade which is used in the Indian railway. This development helps the company to increases product portfolio and revenue in the near future.

The company has a wide global presence in Asia-Pacific. The company also earn revenue from several subsidiaries such as Rourkela Steel Plant (India), NSPCL (India), Bhilai Steel Plant (India), Visvesvaraya Iron and Steel Limited (India), Salem Steel Plant (India), and mjunction Services Limited (India) among others.