Grain-oriented electrical steel market to reach US$ 7.5B by 2023

Decision Databases has added “2018-2023 Global Grain Oriented Electrical Steel Consumption Market Report” to their offering.

According to the report, grain-oriented electrical steel market will register a growth of 2.1% CAGR in terms of revenue, reaching $7.53 billion by 2023, from $6.67 billion in 2017.

Asia, especially China, is the largest production and consumption region of grain-oriented electrical steel, followed by Europe and US. Japan and Korea also play important rule in the market.

Some of the major market players profiled in the report include Baowu Group, NSSMC, AK Steel, ThyssenKrupp, NLMK Group, JFE Steel, Posco, ArcelorMittal, Ansteel, Shougang, Stalprodukt S.A., Cogent (Tata Steel) and ATI.

Source: Decision Databases