IHS Markit sees supply crunch coming for electrical steel; potential disruptor of OEM electrification plans
Green Car Congress
DECEMBER 17, 2021
Cleveland-Cliffs is the only US producer of NOES via its 2020 acquisition of AK Steel; Cliff’s NOES and GOES manufacturing share common production equipment. Cleveland-Cliffs is focused more on GOES production to address the increasing regional demand for electrical transformers, thus reducing available xEV-grade NOES capacity.
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