Metals & Minerals
Japan's JFE Steel to Expand Electrical Steel Sheet Capacity in Kurashiki
JFE Steel Corporation is expanding the electrical steel sheet capacity of its Kurashiki Integrated Steel Mill and is now planning an additional expansion targeted at a startup in the fiscal year beginning April 2026
Released Thursday, October 12, 2023
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Researched by Industrial Info Resources (Sugar Land, Texas)--JFE Steel Corporation (Tokyo, Japan) is expanding the electrical steel sheet capacity of its Kurashiki Integrated Steel Mill and is now planning an additional expansion targeted at a startup in the fiscal year beginning April 2026. The additional expansion will triple the works' current capacity for top-grade non-oriented electrical steel sheets used in the drive motors of electric vehicles.
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The electrification of automobiles is accelerating amid the global push toward carbon neutrality. The demand for high-grade non-oriented electrical steel sheet products is expected to continue expanding in parallel with the further tightening of global environmental regulations.
Electrical steel sheet, which contains additives such as silicon and aluminum, offers excellent magnetic properties including high magnetic flux density and low iron loss.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
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