Riding the Wave of Global Sustainable Energy: China Becomes the Key Electrical Steel Supplier!

As the world increasingly turns to new energy sources, electrical steel, a crucial foundational material, plays an essential role in this burgeoning industry. China, a leading producer and exporter of electrical steel, is solidifying its position in the global market through technological innovation and enhanced product quality.

1. What's electrical steel?

Electrical steel, a specialized metal material, is renowned for its fine-tuned silicon content, which endows it with exceptional electromagnetic properties. Distinguished by their grain orientation, they are categorized into Grain-Oriented (GO) and Non-Oriented (NGO) electrical steel. GO types, favored for their high magnetic permeability and low core loss, are particularly sought after in the manufacturing of transformers and motors. Conversely, NGO types, with their uniform magnetic properties, are ideal for various motor and transformer cores. The production process of electrical steel, involving stringent chemical composition control, hot and cold rolling, annealing, and coating treatments, is pivotal to the final product's performance.

2. Exploration of Electrical Steel Applications in the New Energy Industry

The application prospects for electrical steel in the new energy sector are vast, especially in the manufacturing of electric vehicles, where it serves as a core material for drive motors, directly impacting motor efficiency and vehicle performance. Additionally, in wind power generation, the manufacturing of large wind turbines relies on high-performance electrical steel. In energy storage systems, electrical steel plays a significant role in the inverters and transformers within battery storage systems, enhancing the efficiency and reliability of energy storage. With the growing global reliance on renewable energy, the market demand for electrical steel is expected to continue rising. The future development of electrical steel will focus on increasing magnetic permeability, reducing losses, optimizing coating technology, and developing environmentally friendly materials.

3. China's Electrical Steel Market Capacity and Export Trends Forecast for 2024

According to data from the General Administration of Customs of China, the export of China's electrical steel began to surge significantly in 2022, with exports reaching 860,959 tons, a 64% increase from the previous year. Despite a slight 4% decrease in 2023 to 1.23 million tons, the first three months of 2024 saw a 30% increase in export volume compared to the same period in the previous year, with the top five buyers—India, Turkey, Mexico, Italy, and the United States—accounting for 57% of the total exports

4. Baosteel - the Most Essential Steel Manufacturer in China

China's electrical steel exports have shown remarkable growth in recent years, thanks to continuous breakthroughs in technology innovation and product quality by domestic steel enterprises. Baosteel, a listed subsidiary of China Baowu Steel Group, has secured a significant market share in the electrical steel sector with its advanced manufacturing processes, strict quality control, and ongoing R&D investment. Baosteel reported that over half of the drive motors in China's manufactured electric vehicles utilize its non-grain-oriented electrical steel. Baosteel's products meet the demands of both domestic and international high-end markets and have enhanced the international competitiveness of Chinese electrical steel through participation in setting global standards.

5. As a Steel Supplier with rich Resources and Experience, Baohui Steel Limited Balances Quality and Price.

Shanghai Baohui Steel Limited leveraging the robust production capabilities of Baosteel, offers a comprehensive range of electrical steel sheet products, including but not limited to B20R070, B23R080, and B30R090 series. With ample stock on hand, we are well-positioned to promptly respond to customer orders and also place orders at competitive prices on behalf of clients. Our dedicated team provides a one-stop service, from technical consultation to logistics and distribution. We invite you to visit our official website for detailed information on electrical steel sheet products, technical specifications, and the latest market competitive prices. Our online customer service is always ready to answer your inquiries and provide personalized purchasing advice.