NIPPON STEEL CORPORATION, thyssenkrupp AG and Cleveland-Cliffs Inc. are Dominating the North America Grain Oriented Electrical Steel Market in 2021

North America Grain Oriented Electrical Steel is expected to grow with the CAGR of 6.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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North America grain oriented 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 favourable market scenario.

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

For instance,

• In April 2018, NIPPON STEEL CORPORATION., has started Strengthening Supply System for Ultra-high-tensile Steel Sheets New CGL and installed at Kimitsu Works. This development has helped to increase the production and revenue.
• In March 2021, Arnold Magnetic Technologies., announced the acquisition of Ramco Electric Motors, Inc., manufacturer of stators, rotors, and full electric motors. The company expects to diversify its product portfolio and customer base via this acquisition.

NIPPON STEEL CORPORATION is dominating player in the market and the other players in the market are POSCO, thyssenkrupp AG, JFE Steel Corporation, Cleveland-Cliffs Inc., aperam,TC Metal, Mapes and Sprowl, Tempel, Arnold Magnetic Technologies, NLMK, Lamination Specialties, BRS. (Subsidiary of United States Steel Corporation), Laser Technologies, Inc. and Baosteel Group.

NIPPON STEEL CORPORATION

NIPPON STEEL CORPORATION is headquartered in Tokyo, Japan as public ownership it was founded in 1950. The company is engaged in the manufacturing of different type of steel product, construction materials, chemicals which are used in different applications. The company have several business segments which are Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals and Material and System Solution out of which Steelmaking and Steel Fabrication is our market focused category. The company has product category which are products in the Steel Plate, Steel Sheets, Bar and Rod Materials (Steelinc), Structural Steel, Pipes and Tubes, Railway, Automotive, Machinery Parts, Titanium, Stainless and Steel Slag out of which Steel Sheets is market focused segment. The company has wide global presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. Company have subsidiaries which are Nippon Steel Nisshin (Japan), NS Solutions (Japan), Sumitomo Metal Industries (Japan), Nippon Steel Engineering Co., Ltd.(India), NIPPON STEEL and SUMIKIN TEXENG. CO., LTD. (Japan) among others.

For instance,

• In July 2018, NIPPON STEEL CORPORATION, has entered into the partnership with the BP Oman the ceremony was held in Oman. This development helped the company to increase customer base and revenue.

thyssenkrupp AG

thyssenkrupp AG headquartered in Essen, Germany and it was founded in year 1999 as public ownership. The company is engaged in the manufacturing of automotive technology, plan technology, material services and steel products which are used in different applications. The company have several business segment which are Components Technology, Elevator Technology, Industrial Solutions, Marine Systems, Materials Services, Steel Europe and Corporate out of which Steel Europe is focused business segment. The company offers wide range of product categories such as Packaging Steel, Composite Material, Electric Steel, Steel finder, Hot Strip, Precision Strip, Cut-to- length products, Heavy Plate, Sheet/Coated Products, Organic Coated strip and Sheet under which Electric Steel is market focused category. The company has presence in Asia-Pacific, Europe and North America. The company have several subsidiaries which are ThyssenKrupp Marine Systems (Germany), Thyssenkrupp System Engineering (Germany), ThyssenKrupp Presta AG(Germany), Rothe Erde (Germany), and Thyssen Krupp Energostal S A (Germany) among others.

For instance,

• In April 2018, thyssenkrupp AG started new electrical steel production line starts operation in Nasik for helping India to build power grid. This development helps the company to increase the revenue in near future.

Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. headquartered in Ohio, U.S. as public ownership and founded in 1847. The company is the largest manufacturer of flat-rolled steel and iron ore pellet producer in North America. The company have business segment which are Steelmaking, and other businesses out of which focused segment is Steelmaking. The company have product category which are Carbon Steel, Stainless Steels, Electrical Steels, Tubular Components, Plate, Triplate, Tools & Stamping, Long Steel, and Raw Materials out of which electrical steels is market focused category.The company has wide global presence across the North America, South America, Europe. The company have subsidiaries which ArcelorMittal Burns Harbor LLC (U.S.), Lake Superior and Ishpeming Railroad (U.S.), United Taconite LLC (U.S.), Hibbing Taconite Company (U.S.), Renewafuel, LLC (U.S.) among others.

For instance,

• In September 2020, Cleveland-Cliffs Inc. announced that it completed the acquisition of all of the operations of ArcelorMittal USA LLC and its subsidiaries, one of the largest flat-rolled steel producers in North America. The company intends to improve its production capabilities, supply network as well as revenue generation capability with this acquisition.