Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Explore Our Diverse Range Of Offerings
From detailed reports to experts services offered in 15+
Industry Domains
Add 2 More Reports For 20% off
Electrical Steel Prices, Demand and Supply Overview
Germany held the top of the four markets we track for the electrical steel through the first half of the year 2026 (H1 2026), with Q2 closing at a value of USD 2.09/KG, up 2.0% from the USD 2.05 in Q1. Worldwide, the average firmed to a value of USD 1.80/KG in Q2 2026, a gain of just a 2.3% percent over the Q1 figure of USD 1.76, as the motor and the transformer demand kept the pull firm.
The electrical steel is a silicon-alloyed flat steel, made from the iron ore, the ferrosilicon, and the steel scrap. It comes in the grain-oriented form for the transformers and the non-oriented form for the electric motors. Its cost tracks the steel and the ferrosilicon economics, and its demand rides the electric-vehicle and the power-grid build-out.
Two things move the electrical steel price the most: the steel and the ferrosilicon feedstock costs, and the electric-motor and the grid-transformer demand. For the second half of 2026 (H2 2026), a range of an amount of USD 1.75 to 1.95/KG looks likely worldwide, supported by the firm electric-vehicle and the grid offtake.
Electrical Steel Price Forecast for 2026
Supply and the demand look close to balanced through the H2 2026, with the steel and the ferrosilicon costs setting the direction. The electric-vehicle and the grid buyers held their procurement firm through the H1, and that looks set to hold. China's large steel base will likely keep it the cheapest of the four, while the India, the United States, and the Germany track higher on the freight and the local costs.
The market sits set for a firm and a gradual move. The bigger question for the buyers is how far the electric-vehicle and the grid demand pulls the non-oriented grade, since that has driven most of the quarters we have logged.
What could push the prices higher? A ferrosilicon or a steel-scrap cost spike, or a faster electric-vehicle and grid build-out. What could pull them lower? Softer steel prices, or the expanded low-cost Chinese capacity outpacing the demand.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 1.75 - 1.95 | Firm EV and grid demand, feedstock-led |
| China | 1.40 - 1.55 | Large integrated steel base keeps China cheapest |
| India | 1.65 - 1.82 | Import-parity pull and firm motor demand |
| United States | 1.95 - 2.15 | Grid and motor demand commands a premium |
| Germany | 2.05 - 2.25 | Grain-oriented transformer demand holds the top |
For the Quarter Ending June 2026
Electrical Steel Prices Q2 2026:
- China: USD 1.44/KG
- India: USD 1.69/KG
- United States: USD 1.99/KG
- Germany: USD 2.09/KG
Electrical Steel Prices in China
China gained a value of 2.9% to the USD 1.44/KG, the ferrosilicon cost turning up and the domestic motor demand firm. The large integrated steel base kept the China the cheapest of the four by a wide stretch.
Why did the price of Electrical Steel change in Q2 2026 in China?
The firmer ferrosilicon cost and the firm domestic motor demand lifted the offers, though the ample base kept the gain in check.
Electrical Steel Prices in India
India moved up a value of 2.4% to the USD 1.69/KG, the electric-motor and the appliance demand steady and the imported feedstock costs firming. The freight kept India above the China through the window.
Why did the price of Electrical Steel change in Q2 2026 in India?
The steady motor and the appliance demand met the firmer imported feedstock costs and the freight.
Electrical Steel Prices in United States
The United States firmed a value of 2.1% to the USD 1.99/KG, the grid and the motor pull dependable while the steel and the ferrosilicon costs edged up. The demand base held the United States among the priciest of the four.
Why did the price of Electrical Steel change in Q2 2026 in United States?
The dependable grid and the motor pull met the firmer steel and the ferrosilicon costs.
Electrical Steel Prices in Germany
Germany gained a value of 2.0% to the USD 2.09/KG, its grain-oriented transformer demand holding firm. The import dependence and the freight kept the German prices at the top of the four.
Why did the price of Electrical Steel change in Q2 2026 in Germany?
The grain-oriented transformer demand held, and the import-linked feedstock and the freight firmed alongside it.
For the Quarter Ending March 2026
Electrical Steel Prices Q1 2026:
- China: USD 1.40/KG
- India: USD 1.65/KG
- United States: USD 1.95/KG
- Germany: USD 2.05/KG
Electrical Steel Prices in China
China gained a value of 4.5% to the USD 1.40/KG, the motor demand firming into the new year and the steel and the ferrosilicon costs turning up together.
Why did the price of Electrical Steel change in Q1 2026 in China?
The firming motor demand met the higher steel and the ferrosilicon costs as the year opened.
Electrical Steel Prices in India
India rose a value of 3.8% to the USD 1.65/KG, the motor restocking and the firmer imported feedstock costs lifting the delivered prices.
Why did the price of Electrical Steel change in Q1 2026 in India?
The motor restocking met the firmer imported feedstock costs into the new year.
Electrical Steel Prices in United States
The United States firmed a value of 3.2% to the USD 1.95/KG, the grid buyers restocking and the steel cost lifting the replacement value.
Why did the price of Electrical Steel change in Q1 2026 in United States?
The grid restocking met the firmer steel cost through the quarter.
Electrical Steel Prices in Germany
Germany gained a value of 3.0% to the USD 2.05/KG, the transformer demand steady and the import-linked costs firming into the new year.
Why did the price of Electrical Steel change in Q1 2026 in Germany?
The steady transformer demand met the firmer import-linked costs into the new year.
Quarterly Electrical Steel Price Trends
The global average held a firm path across the window, moving from a value of USD 1.66/KG in the Q1 2025 to the USD 1.80 by the Q2 2026, a net gain of about 8.4%. The electric-vehicle and the grid demand kept the market firm through 2025, and the early 2026 firmed a little faster on the restocking and the steel costs.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q2 2026 | 1.80 | +2.3% | ↑ Rising |
| Q1 2026 | 1.76 | +3.5% | ↑ Rising |
| Q4 2025 | 1.70 | +1.8% | ↑ Rising |
| Q3 2025 | 1.67 | -0.6% | ↓ Falling |
| Q2 2025 | 1.68 | +1.2% | ↑ Rising |
| Q1 2025 | 1.66 | - | - Stable |
| Q3 2026 | In Progress | - | - In Progress |
What was Electrical Steel Price in 2025?
The year 2025 ran firm for the electrical steel. The global average moved from a value of USD 1.66/KG in the Q1 to the USD 1.70 by the Q4, a gain of about 2.4% across the year. The electric-vehicle and the grid demand held the market firm, with only a shallow Q3 dip, and the year closed near its highs.
Electrical Steel Prices in China in 2025
Chinese prices moved from a value of USD 1.30/KG in the Q1 2025 to the USD 1.34 by the Q4, up about 3.1%. The steady motor demand and the firm steel cost held the market, and China stayed the lowest-cost source of the four all year.
Electrical Steel Prices in India in 2025
Indian prices firmed from a value of USD 1.55/KG in the Q1 to the USD 1.59 by the Q4, a gain of about 2.6%. The electric-motor and the appliance demand held steady, and the import lean kept the freight in the delivered price.
Electrical Steel Prices in United States in 2025
The United States prices moved from a value of USD 1.85/KG in the Q1 to the USD 1.89 by the Q4, up about 2.2%. The grid and the motor demand kept the market firm, and the United States held among the priciest of the four all year.
Electrical Steel Prices in Germany in 2025
German prices firmed from a value of USD 1.95/KG in the Q1 to the USD 1.99 by the Q4, a gain of about 2.1%. The grain-oriented transformer demand kept the market steady, and the import dependence held Germany the dearest of the four.
How We Can Help
Expert Market Research: Your Source for Real-Time Electrical Steel Price Intelligence
We keep a continuous watch on the electrical steel prices wherever it is produced or consumed at scale, tracing the causation through the steel and the ferrosilicon feedstock economics and the electric-motor and the grid-transformer demand. Our analysts track all four of the markets on a monthly basis, so the figures reflect the most current data at the time of the publication. Contact Expert Market Research today for the Electrical Steel pricing data, the bespoke market analysis, and the strategic procurement advisory.
Pricing Plans
Upto 15% Off
USD
-
$799 $699
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
The electrical steel goes into the electric motors and the transformers. The non-oriented grade serves the electric-vehicle and the industrial motors and the appliances, and the grain-oriented grade serves the transformers and the power-grid equipment.
In Q2 2026, it averaged a value of USD 1.44/KG in China, USD 1.99/KG in the US, USD 2.09/KG in Germany, and USD 1.69/KG in India, on a delivered basis. Germany sat at the top and China priced lowest.
The global average moved from a value of USD 1.66/KG in the Q1 2025 to the USD 1.70 by the Q4, a gain of about 2.4%. The electric-vehicle and the grid demand held the market firm, with only a shallow Q3 dip.
The steady electric-vehicle and the grid demand kept the market firm, with the steel and the ferrosilicon costs holding near their range.
We expect a global average in a range of an amount of USD 1.75 to 1.95/KG for the H2 2026, resting on the firm electric-vehicle and grid offtake and the steel and ferrosilicon costs staying near their current range.
Germany sits at the top on the grain-oriented transformer demand and the import-linked freight. The United States holds a firm second on its grid and motor pull. India occupies the import-parity middle, and China prices lowest on its large integrated steel base.
The steel and the ferrosilicon feedstock costs matter most, followed by the electric-motor and the grid-transformer demand cycles and the silicon-content premium on the grain-oriented grade.
China holds the largest production capacity on its integrated steel base, with the United States, Germany, India, and the East Asia hosting the other established producers. The import-reliant regions carry a freight-adjusted premium over the Asian offers.
Monthly. Need something more current? Our team is available directly.
The quarterly trends and the forecasts help time the motor and the transformer contract talks around the steel cost cycles, which matters most for the buyers weighing the fixed-price and the index-linked supply.
One Year Subscription
One Year Subscription
USD 799
USD 699
tax inclusive*
- Report in Excel Format
- 3 Months Price Forecast
- Historical Prices for the Past 3 Years
-
Summary Of Factors Influencing Prices
- Current Price Overview
- 3-Month Price Forecast
- Historical Price Summary
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Bundle Type
Flash Bundle
20% OFF
Number of Reports: 3
Small Business Bundle
25% OFF
Number of Reports: 5
Growth Bundle
30% OFF
Number of Reports: 8
Enterprise Bundle
35% OFF
Number of Reports: 10
Overview
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
- 3 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
- 5 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
- 8 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
- 10 Reports Included
- Historical Price Trends
- Current Market Pricing
- 3-Month Price Forecast
- Grade / Specification-wise Pricing
- Pricing Data in Excel Format
- Pricing Summary
- Monthly Price Updates
- Regional Price Benchmarking
- Price Drivers & Market Influencing Factors
- Analyst Support for Pricing Insights
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.