According to the disclosure, it is possible to increase the magnetic flux density and reduce iron loss by setting a chemical composition containing, by mass %, C: 0.0050% or less, Si: 1.50% or more and 4.00% or less, Al: 0.500% or less, Mn: 0.10% or more and 5.00% or less, S: 0.0200% or less, P: 0.200% or less, N: 0.0050% or less, O: 0.0200% or less, and at least one of Sb: 0.0010% or more and 0.10% or less, and Sn: 0.0010% or more and 0.10% or less, with the balance being Fe and inevitable impurities, an Ar3 transformation temperature of 700° C. or higher, a grain size of 80 μm or more and 200 μm or less, and a Vickers hardness of 140 HV or more and 230 HV or less.