POSCO, thyssenkrupp AG and NIPPON STEEL CORPORATION are dominating the North America Non-Grain Oriented Electrical Steel Market in 2021

North America Non-Grain Oriented Electrical Steel Market is expected to grow with the CAGR of 5.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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North America non-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 non-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 2020 May, Tata Steel has launched smart steel structures for building and construction market. This development has helped the company to increase the revenue in near future.
• In 2020 January, Tempel’s Chicago campus was awarded with the 2019 Rusty Demeules Award for Safety and Excellence along with 2019 Safety Award of Merit from The Fabricators & Manufacturers Association, International (FMA). The award was given for the low injury and illness incidence rate for 2018. The company expects to improve its goodwill by being reciepient of this prestigious awards.

POSCO

POSCO headquartered in Gyeongsangbuk-do, Republic of Korea as public ownership and founded in 1967. The company is engaged in the manufacturing of innovation and developments in technology and products for different industries. The company have business segment which are Steel, Trading, Construction and Others out of which our focused category is Steel. The company have product category which are hot rolled steel, wire rod, galvanized steel, electrical steel, titanium, steel plate, cold rolled steel, electrical galvanized steel and stainless steel out of which electrical steel is market focused category.

The company has wide global presence across the Asia-Pacific, Europe, North America and South America. The company have subsidiaries which POSCO India (India), POSCO INTERNATIONAL (South Korea), POSCO Chemical Co (South Korea), POSCO ICT (South Korea), and POSCO Engineering & Construction Co., Ltd. (South Korea) among many others

• In 2015 October, POSCO had designed a new electrical steel product for the automotive machines such as hot-rolled steel, cold-rolled steel, wire rods, thick plate steel. This development helps the company to increases the customer base and revenue in near future..

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 a 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

• In 2018 April, 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.

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.

• In July, 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.