- In April 2024, ArcelorMittal revealed plans to build a USD 1.2 billion advanced manufacturing facility in Calvert, Alabama, dedicated to producing 150,000 metric tons of non-grain-oriented electrical steel (NOES) annually. This specialty steel is vital for electric vehicle (EV) motors, generators, and renewable energy systems. The initiative addresses a critical gap in the U.S. supply chain, reducing reliance on imports and supporting the Biden administration’s net-zero emissions goals. Backed by the U.S. Department of Energy, the project received $280.5 million in investment tax credits under the Inflation Reduction Act’s 48C program, recognizing electrical steel as a critical material for clean energy technologies
- In December 2023, Nippon Steel Corporation, via its subsidiary NIPPON STEEL NORTH AMERICA, INC., announced the acquisition of United States Steel Corporation (U.S. Steel) for USD 14.9 billion, marking one of the largest foreign takeovers in U.S. manufacturing history. The deal, finalized in June 2025, positions Nippon Steel as a dominant player in North America’s steel market, particularly in the production of electrical steel—a critical material for EV motors, transformers, and renewable energy systems
- In October 2023, United States Steel Corporation (U.S. Steel) inaugurated a new non-grain-oriented (NGO) electrical steel production line at its Big River Steel facility in Osceola, Arkansas. With an annual capacity of 200,000 metric tons, this line is the largest of its kind in the U.S., surpassing other domestic producers in volume. The facility utilizes up to 90% recycled scrap steel, reducing carbon emissions by 70–80% compared to traditional methods. The line produces InduX™, a steel grade essential for EV motors, generators, and renewable energy systems, reinforcing U.S. Steel’s role in advancing clean energy infrastructure
- In May 2023, JFE Shoji Power Canada, a division of JFE Holdings, announced a major expansion initiative in collaboration with strategic partners to meet surging demand for electrical steel components used in power and distribution transformers. The company committed to significant investments in new machinery and workforce development, aiming to boost production capacity by at least 40% for distribution transformer cores and more than double for large power transformer cores by the end of 2023. This move supports the rapid growth of clean energy infrastructure across North America, including grid modernization and electrification efforts
- In January 2023, Cleveland-Cliffs Inc. introduced the MOTOR-MAX® product line—high-frequency non-oriented electrical steels (HF NOES) engineered for EV traction motors, generators, and other rotating equipment. These steels are optimized for low core loss and high energy efficiency at frequencies above 60 Hz, making them ideal for electric vehicles and renewable energy systems. As the only U.S.-based producer of automotive-quality electrical steels, Cleveland-Cliffs designed MOTOR-MAX to support domestic manufacturing, reduce supply chain risks, and lower greenhouse gas emissions through electric arc furnace (EAF) production using recycled materials
