Electrical Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Electrical Steel Price Trend, Index and Forecast
Track the latest insights on electrical steel price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
Electrical Steel Prices Outlook Q3 2025
- USA: USD 6057/MT
- China: USD 1097/MT
- India: USD 2110/MT
- Germany: USD 1768/MT
- France: USD 1866/MT
Electrical Steel Price Chart
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During the third quarter of 2025, the electrical steel prices in the USA reached 6057 USD/MT in September. The upward movement in prices was driven primarily by sustained demand from automotive and renewable energy sectors, particularly in electric vehicle production and transformer manufacturing. Supply-side factors such as production capacity utilization, energy costs, and labor availability influenced manufacturing expenses. Additionally, transportation and port handling charges contributed to the pricing adjustments, as logistical bottlenecks caused minor delays.
During the third quarter of 2025, the electrical steel prices in China reached 1097 USD/MT in September. Price decline was observed due to a combination of moderated industrial demand in manufacturing and export sectors and improved supply from domestic steel mills. Cost reductions in raw material procurement and efficient logistics management mitigated production expenses. Furthermore, currency fluctuations favored domestic sourcing, reducing the need for higher-priced imports.
During the third quarter of 2025, the electrical steel prices in India reached 2110 USD/MT in September. The decrease in pricing was primarily driven by reduced demand from the domestic manufacturing and infrastructure sectors. Supply-side pressures eased due to improved availability of raw steel and intermediate products. Transportation and logistics costs remained moderate, and energy costs for production plants stabilized. Exchange rate movements between the Indian Rupee and USD slightly influenced import expenditures.
During the third quarter of 2025, the electrical steel prices in Germany reached 1768 USD/MT in September. Price moderation was influenced by steady demand from the automotive and energy sectors, coupled with sufficient domestic production to meet requirements. Raw material costs remained stable, and logistics operations experienced minimal disruption. Compliance with EU chemical and industrial regulations contributed slightly to production expenses. Energy and labor costs were controlled due to seasonal efficiencies in manufacturing plants.
During the third quarter of 2025, the electrical steel prices in France reached 1866 USD/MT in September. The decline in prices was attributed to moderate demand from industrial and infrastructure sectors and steady supply from domestic and EU-based steel producers. Production costs, including energy, logistics, and raw material sourcing, remained largely consistent. Compliance with stringent EU environmental and safety regulations imposed incremental cost considerations but did not drive significant pricing changes.
Electrical Steel Prices Outlook Q2 2025
- USA: USD 5915/MT
- China: USD 1168/MT
- Japan: USD 1430/MT
- Germany: USD 1808/MT
- France: USD 1930/MT
During the second quarter of 2025, the electrical steel prices in the USA reached 5915 USD/MT in June. Electrical steel prices in the USA during Q2 2025 were influenced by higher raw material costs, particularly for silicon and iron ore. The automotive and renewable energy sectors maintained robust demand, especially for high-grade non-grain-oriented steel. Domestic production faced limitations due to maintenance at key mills. Additionally, elevated freight charges and trade policy uncertainties impacted import competitiveness and procurement strategies.
During the second quarter of 2025, electrical steel prices in China reached 1168 USD/MT in June. In China, electrical steel pricing was shaped by tight supply conditions due to reduced blast furnace operations amid environmental compliance checks. The demand from the electric vehicle and power transmission sectors remained strong. Raw material price volatility, especially for ferrosilicon, affected production costs. Export volumes were influenced by shifting trade policies and container shortages at major coastal ports.
During the second quarter of 2025, the electrical steel prices in Japan reached 1430 USD/MT in June. Japan’s electrical steel prices were affected by constrained domestic output following planned maintenance at major steel plants. Strong demand from the automotive and industrial equipment sectors sustained upward pressure on procurement. Fluctuating energy prices and imported raw material costs added to manufacturing expenses. Additionally, currency fluctuations and port congestion disrupted sourcing timelines for overseas supply contracts.
During the second quarter of 2025, the electrical steel prices in Germany reached 1808 USD/MT in June. Electrical steel prices in Germany were driven by elevated energy costs and tight availability of high-purity raw materials. The electric vehicle and transformer manufacturing sectors supported steady consumption. Production faced operational challenges due to lower blast furnace utilization rates. Import flows were affected by logistical delays and stricter compliance requirements tied to EU carbon border adjustment mechanisms.
During the second quarter of 2025, the electrical steel prices in France reached 1930 USD/MT in June. In France, electrical steel pricing in Q2 2025 was impacted by ongoing energy market volatility and increased costs for key alloying elements such as silicon and manganese. Demand from the rail electrification and power grid sectors remained firm. Domestic output was constrained by maintenance activities, while supply chain delays and higher inland transport costs added to final product pricing dynamics.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing electrical steel prices.
Europe Electrical Steel Price Trend
Q3 2025:
In Q3 2025, the electrical steel price index in Europe reflected modest declines, influenced by steady supply from Germany, France, and neighboring countries. Industrial demand from automotive and energy sectors remained stable, but limited growth in infrastructure projects restrained price increases. Energy costs and transportation charges had minimal impact due to operational efficiencies. Compliance with EU environmental and industrial regulations contributed to controlled production costs.
Q2 2025:
As per the electrical steel price index, European electrical steel prices during Q2 2025 were influenced by elevated energy costs, stricter emissions regulations, and rising prices of alloying materials such as silicon and manganese. The automotive and transformer manufacturing sectors maintained firm demand, particularly for non-grain-oriented steel. Maintenance at several mills constrained domestic output, while import volumes were affected by logistical delays and compliance with carbon adjustment mechanisms.
This analysis can be extended to include detailed electrical steel price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Electrical Steel Price Trend
Q3 2025:
In Q3 2025, the electrical steel price index in North America showed moderate increases, primarily driven by demand from electric vehicle production and renewable energy infrastructure. Supply-side factors included stable domestic production with manageable raw material procurement costs. Transportation and logistics experienced minor disruptions, and regulatory compliance with environmental and safety standards added incremental costs. Overall, industrial consumption and operational constraints supported moderate price growth in North America.
Q2 2025:
As per the electrical steel price index, in North America, electrical steel pricing was shaped by high production costs due to increased energy tariffs and volatile raw material prices. The electric vehicle and renewable power sectors contributed to sustained demand. Domestic mill maintenance and limited capacity expansion constrained output. Trade policy developments and transportation bottlenecks, particularly in rail and trucking, further influenced inventory planning and supply chain efficiency.
Specific electrical steel historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Electrical Steel Price Trend
Q3 2025:
During Q3 2025, electrical steel prices in the Middle East and Africa were influenced by regional infrastructure projects and manufacturing demand. Supply-side factors included import dependency and shipping costs, while domestic logistics and energy costs affected pricing. Regulatory compliance and market competition moderated excessive price fluctuations. Overall, regional demand dynamics and operational cost considerations shaped stable pricing trends.
Q2 2025:
As per the electrical steel price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.. |
Asia Pacific Electrical Steel Price Trend
Q3 2025:
In the Asia Pacific region, Q3 2025 electrical steel prices experienced a slight decline, primarily due to moderated demand from industrial manufacturing and construction sectors, where production growth slowed compared to previous quarters. Key markets, including China and India, maintained robust domestic supply levels, which helped stabilize prices despite regional fluctuations in demand. Transportation and logistics networks operated efficiently, minimizing delays and additional costs associated with distribution across urban and industrial hubs.
Q2 2025:
Electrical steel prices in the Asia Pacific region were impacted by environmental regulations that restricted blast furnace operations in major producing countries. Demand from the electric mobility and power transmission sectors remained strong. Input costs rose due to fluctuations in ferrosilicon and iron ore markets. Port congestion, currency fluctuations, and adjustments in export policies also influenced regional availability and pricing structures.
This electrical steel price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Electrical Steel Price Trend
Q3 2025:
Latin America's electrical steel market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in electrical steel prices.
Q2 2025:
Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the electrical steel price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing electrical steel pricing trends in this region.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Electrical Steel Price Trend, Market Analysis, and News
IMARC's latest publication, “Electrical Steel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the electrical steel market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of electrical steel at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed electrical steel prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting electrical steel pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Electrical Steel Industry Analysis
The global electrical steel market size reached USD 42.01 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 66.87 Billion, at a projected CAGR of 5.04% during 2025-2033. The market is primarily driven by the rising demand from automotive, energy, and construction sectors, particularly in electric vehicle production and renewable energy infrastructure.
Latest developments in the electrical steel industry:
- August 2025: India’s JSW Steel and Japan’s JFE Steel announced a joint investment of USD 669 Million aimed at expanding cold-rolled electrical steel production at two of JSW Steel’s facilities in India. This strategic investment reflects the growing domestic and regional demand for high-quality electrical steel, particularly for automotive, renewable energy, and industrial applications.
- November 2024: Transformers & Rectifiers India (TARIL) signed a Term Sheet to acquire a controlling stake in Posco Poggenamp Electrical Steel. This strategic investment aims to enhance supply chain management, improve operational efficiency, and strengthen TARIL's market position, particularly in the energy and infrastructure sectors. The acquisition also supports India's clean energy initiatives and marks a significant step toward TARIL becoming a fully backward-integrated company.
- October 2024: JFE Steel and JSW Steel agreed to acquire thyssenkrupp Electrical Steel India Private Limited through their joint venture, JSW JFE Electrical Steel Private Limited. The deal is pending regulatory approval and will speed up their entry into the Indian market for electrical steel.
- February 2024: JSW Steel announced plans to develop a grain-focused electrical steel manufacturing facility via a joint venture with JFE Steel Corporation. The estimated investment for this project is over INR 5,500 Crore (USD 640 Million). JFE Corporation, based in Japan, holds a 15% stake in JSW Steel.
Product Description
Electrical steel, commonly known as silicon steel or transformer steel, is a kind of steel alloy with certain magnetic characteristics required for electrical purposes. It is usually used to manufacture electromagnetic equipment such as transformers, electric motors, generators, and inductors. Electrical steel usually includes silicon, which works as a magnetic flux enhancer, improving the material's magnetic characteristics. Furthermore, it is frequently made with particular grain orientations and narrow-gauge thicknesses to improve its magnetic performance. Electrical steel has high magnetic permeability and minimal core loss, proving it to be extremely efficient in converting electrical energy. This lessens energy losses in every part of the conversion process, resulting in better performance and sustainability of electrical systems. It is critical to contemporary electrical infrastructure as it allows for efficient power transmission and consumption.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Electrical Steel |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Electrical Steel Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, Greece* North America: United States, Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of electrical steel pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
- The study examines factors affecting electrical steel price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The electrical steel price charts ensure our clients remain at the forefront of the industry.
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