Electrical Steel (CRGO, CRNGO)
$1.2 bnAnnual import
15%Indian capability
3,525Supplier concentration (HHI)
₹6,000 crTo localise
Why India imports it. Nippon Steel, POSCO, Baosteel dominate; India has SAIL, JSW ramping.
Why it matters. Transformer and motor core material; power equipment dependency.
Can India localise it? Yes - 4-6 years for CRGO.
Where it comes from. Japan (45%), South Korea (30%), China (20%).
Scorecard
The ten indices
CMDI 77.65Dependency
LPI 45Localisation potential
IAI 58.75Investment attractiveness
SRI 65.75Supply risk
SCI 53Supply-chain complexity
TRI 43Technology readiness
IMI 70.5Industrial multiplier
NSRI 61.5National-security relevance
EPI 62.75Export potential
ICGI 68.75Capability gap
Who makes it
Manufacturers
In India
Steel Authority of India (SAIL)JSW SteelTata Steel
Global leaders
Nippon SteelPoscoBaosteel
On the ground
Localisation projects
- SAIL Bokaro CRGO Electrical Steel Plant
Intelligence
Related signals
- India Now Has a Structured Map of Where It Stays Import-Dependent
- India's Deepest Chokepoints: EUV Photoresist, Leading-Edge Logic and Aero-Engines
- Where Dependency Meets Feasibility: SiC Power and Display-Driver ICs Are the Build-Now Surfaces
- From Mineral Security to Mineral Processing — Why the Midstream Layer Decides Competitiveness
Sources
Primary references
Confidence: Verified. Verified: PLI for specialty steel. Part of Techadyant Labs' Critical Manufacturing Dependencies (Edition I).