Electrical Steel Market by Type, Application, End-Use Industry and Region - Global Forecast to 2025
iCrowd Newswire
According to the new market research report Electrical Steel Market By Application (Transformers, Motors, Inductors), Type (Grain Oriented, Non Grain Oriented) End-Use Industry (Energy, Automotive, Manufacturing, Household Appliances), And Region (NA, EU, APAC, MEA, SA) - Global Forecast To 2025″, The electrical steel market size is estimated to be USD 31.5 billion in 2020 and projected to reach USD 45.9 billion by 2025, at a CAGR of 7.9% from 2020 to 2025. Increasing investment, coupled with growth in energy industry across the globa is expected to drive the growth of electrical steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the electrical steel market.
Essar Power Hazira net profit rises by 113% to Rs 128 63 Cr in FY21
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MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held
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Chief minister Naveen Patnaik and industrialist LN Mittal in Bhubaneswar on Thursday.
BHUBANESWAR: In a major boost to Odisha’s industrial landscape, the ArcelorMittal Nippon Steel India Limited (AMNS India) on Thursday signed an MoU with the state government to set up a 12 mtpa integrated steel complex in Kendrapada district with an investment of Rs 50,000 crore.
The deal was signed here in presence of chief minister Naveen Patnaik and executive chairman of ArcelorMittal LN Mittal. The development came two days after Mittal met Union steel minister Dharmendra Pradhan in New Delhi where discussion about the proposed project was held, sources said.