I. Introduction
Soft magnetic composites (SMCs) are a viable alternative to steel laminations for a range of new applications such as rotating machines, transformers, electronic filters, sensors and fast switching solenoids. Soft magnetic materials are central to nearly every aspect of modern electrical and electronics technology through their ability to concentrate and shape magnetic flux with great efficiency [1]. It can be employed as an efficient flux multiplier in a large variety of devices, including transformers, generators and in a wide array of apparatus from household appliances to scientific equipment.