A shortage of electrical steel — used in the cores of electromagnetic devices such as motors, generators, and transformers — is getting media attention. The Wall Street Journal reports the paper-thin steel is critical for manufacturing electric vehicles, washing machines, power tools, air conditioners, and more.
OMA member Cleveland-Cliffs, the largest supplier of steel to the U.S. automotive industry, is restarting an idle line at its Zanesville mill to produce additional electrical steel. Experts say the impact of the electrical steel shortage could be as impactful to the global economy as the semiconductor shortage, and could delay efforts to upgrade electrical grids. 3/29/2023