Electrical Steel Prices 2025: Market Trends, Key Drivers, and Regional Outlook

04-Nov-2025

The global electrical steel market in Q3 2025 reflected varied pricing movements shaped by industrial demand, raw material cost trends, and logistical conditions across major producing regions. According to IMARC Group’s latest publication, “Electrical Steel Prices, Trend, Index and Forecast Data Report 2025 Edition,” which contains updated insights for Q3 2025, prices exhibited mild fluctuations, with certain markets recording stabilization while others observed limited downward corrections. North America and Europe maintained firm consumption from the automotive and energy sectors, while Asia Pacific and Latin America saw steady output and moderated pricing amid improved supply availability. The Middle East and Africa reported balanced market fundamentals, supported by infrastructure investments and import reliance.

Q3 2025 Electrical Steel Prices:

USA: USD 6,057/MT
China: USD 1,097/MT
India: USD 2,110/MT
Germany: USD 1,768/MT
France: USD 1,866/MT

Current price levels emphasize electrical steel’s importance in electric vehicles, transformers, and renewable energy systems. Consistent manufacturing activity, energy transition policies, and supply-side efficiencies continued to influence global pricing structures throughout the third quarter of 2025.

Key Regional Price Trends and Market Drivers:

USA

Electrical steel prices in the USA averaged USD 6,057/MT in September 2025. Strong demand from automotive and renewable energy industries, especially electric vehicle and transformer production, supported the upward trajectory. Production costs were influenced by energy tariffs, labor availability, and transportation expenses. Logistical delays at ports and stable raw material availability also affected short-term pricing adjustments.

China

In China, prices stood at USD 1,097/MT in September 2025. Market softness resulted from moderated industrial demand and improved domestic supply. Declines in raw material procurement costs and enhanced logistics efficiency reduced overall production expenses. Yuan stability further favored domestic producers by limiting the need for high-priced imports.

India

Prices in India averaged USD 2,110/MT in Q3 2025. Lower demand from manufacturing and infrastructure sectors, coupled with steady raw steel supply, led to a mild decline. Energy and transportation costs stabilized, while currency movements slightly influenced import expenditures. Supply-side improvements maintained balanced market conditions.

Germany

Germany recorded prices of USD 1,768/MT in September 2025. Market moderation was driven by stable demand from automotive and renewable energy sectors. Domestic production was sufficient, while stable input costs and streamlined logistics maintained equilibrium. Compliance with EU industrial standards and carbon regulations added marginal costs.

France

Electrical steel in France settled at USD 1,866/MT in Q3 2025. Prices eased marginally as industrial and infrastructure demand moderated. Supply from EU producers remained consistent, while raw material and logistics expenses were steady. Environmental and safety regulation compliance contributed slightly to production costs without major pricing disruption.

Q3 vs Q2 2025:

Country	Q3 2025 (USD/MT)	Q2 2025 (USD/MT)	Q3 vs Q2 Trends
USA	6,057	5,915	Prices increased amid sustained automotive and renewable energy demand
China	1,097	1,168	Prices declined due to softer industrial activity and improved supply
Germany	1,768	1,808	Prices softened as energy costs and logistics stabilized
France	1,866	1,930	Prices eased on steady supply and moderated industrial demand

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Electrical Steel Industry Overview:

The global electrical steel market reached USD 42.01 Billion in 2024 and is projected to reach USD 66.87 Billion by 2033, expanding at a CAGR of 5.04% during 2025–2033. Growth is supported by expanding applications in automotive electrification, transformer manufacturing, and renewable power generation. Rising infrastructure spending and demand for efficient magnetic materials further reinforce market progress.

In Asia-Pacific, capacity expansions by leading steelmakers, coupled with government-driven electrification programs, continue to strengthen demand. Europe and North America remain key consumers due to stringent energy-efficiency regulations, while emerging markets in Latin America and the Middle East are witnessing increased usage in grid modernization and industrial development initiatives.

Recent Market Trends and Industry Analysis:

Electrical steel continues to gain traction as a core material in next-generation mobility and clean energy systems. Its high magnetic permeability and reduced core loss make it essential for electric motors, generators, and transformers. The ongoing transition toward electric vehicles and renewable infrastructure is significantly boosting consumption across major economies.

Key growth drivers include technological innovation in cold-rolled production, rising adoption of grain-oriented steel in power distribution, and public-private investments in energy-efficient technologies. Capacity expansion partnerships, such as JSW Steel’s joint ventures with JFE Steel, further strengthen the supply ecosystem. As global decarbonization efforts intensify, electrical steel remains central to advancing sustainable electrification.

Strategic Forecasting and Analysis:

IMARC’s report incorporates forecasting models that project near-term price movements based on evolving trade policies, raw material supply, and technological trends. These tools enable businesses to mitigate risk, enhance sourcing strategies, and support long-term planning.

Key Features of the Report:

Price Charts and Historical Data
FOB and CIF Spot Pricing
Regional Demand-Supply Assessments
Port-Level Price Analysis
Sector-Specific Demand and Supply Insights

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