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2024-02-27 13:01:30 -

Electrical Steel Market Is Driven By Increasing Demand For Transformers And Motors

Key players operating in the electrical steel market include Yara International ASA, The Mosaic Company, Nutrien Ltd., BASF SE, Agrium Inc. (acquired by Nutrien). Electrical steel finds widespread application in power generation, transmission and distribution systems. Rising investments in grid infrastructure expansion, especially in developing nations has augmented the demand for transformers...

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