At the end of February, the price of Electrical Steel marked a notable decline amidst lowering demand from the downstream construction and automotive industry across the European market. The supply of Electrical Steel has been mounting as the major Steel players are planning to expand their manufacturing lines in the Europe. Furthermore, the motive for the expansion of Green Steel by the European Commission, along with consideration factors to make it cheaper has been a major factor affecting the Electrical Steel and other steel-based product manufacturing. The major manufacturers are shifting to hydrogen fuel and electrical energy as the primary source of production. Furthermore, the overseas Chinese steel industry has been expected to pose a major threat to global steel manufacturers as their oversupply would create a pessimistic market sentiment.
The Euro Zone&#xx;s Electrical Steel production landscape has seen significant developments with Thyssenkrupp Steel, a key player,...
