Electrical steel demand will increase

Electrical steel is a soft magnetic alloy of ferrosilicon with very low carbon content, and is an indispensable material in the power, electronics and military industries. According to statistics, the total output of electrical steel in the world in 2000 was 6.714 million tons, and by 2005 it had exceeded 8 million tons. At present, the consumption in the domestic market has far exceeded 3 million tons. Among them, non-oriented silicon steel is the iron core material of the rotors of motors and generators working in a rotating magnetic field, and requires good magnetic properties and process performance. In recent years, with the development of high speed and miniaturization of motors, higher requirements have been placed on the performance requirements of non-oriented silicon steel, such as low iron loss and high magnetic induction at high frequencies.

The increasing global automobile production is driving the growth of the global electrical steel market. The production is rising year-on-year. The deployment of electrical steel in automotive cars increases a vehicle`s fuel efficiency, thus driving the consumption of electrical steel in the automotive industry. The increasing demand for electric and hybrid vehicles is expected to further boost the growth of the electrical steel market during the forecast period. Energy conservation is a new trend in the electrical steel market. Rising electricity consumption and the increasing need for industrial development are the major drivers boosting the demand for transformers, thus driving the market. Electrical steel is mainly used in the power sector because of its high magnetic permeability.