Ferroglobe, a major producer of ferrosilicon used in the production of electrical steel, reports that alloy prices have remained relatively stable over the past nine months but its revenues plummeted amidst the pandemic. Based in London and […]
By Adam Thomas, Dir. NPI, Marketing & Founding Team Electrification of the automotive industry continues as automakers around the world introduce new hybrid-electric- and electric-vehicles (HEV/EV). HEV/EV battery prices, previously 6-8% of an electric vehicle’s […]
Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement with ArcelorMittal USA to acquire substantially all of its operations for $1.4 billion. The transaction will make Cleveland-Cliffs, already a leading producer of electrical steel for motors and transformers, the largest flat-rolled steel producer […]
Having closed on his company’s $3 billion acquisition of AK Steel, Cleveland-Cliffs CEO Lourenco Goncalves is wasting no time seeking change to U.S. trade policies that he says unfairly hurt the steel maker’s business as a […]
Ever wonder exactly what makes electrical steel so special? Never before has it set so much in motion as it does today and never before has so much of it been needed. Industry experts expect […]
Waelzholz GmbH & Co. showcased its electrical steel strip grades with precisely defined magnetic properties at CWIEME held in Berlin in May, particularly its stress-bearing high-strength and ultra-high-strength grades for use in high-frequency automotive drives. Due to their high engine speeds, electric […]
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