Electrical steel is a type of steel specialized in producing certain magnetic properties resulting in low core loss and high permeability. The electrical steel market is anticipated to witness significant growth in the future. The unique properties of electrical steel are mainly dependent on the proportion of silicon present in it The addition of silicon enhances the resistivity, improves permeability, and reduces hysteresis loss. However, factors such as capital investment high production cost of electrical steel may hinder the growth of the electrical steel market.
