Quanex Corporation has announced that Macsteel, its engineered steel bar division, and Sanyo Special Steel Company Ltd have signed agreements for the transfer of technology relating to
automotive steel applications. In August 2002, Quanex announced a collaborative agreement between Macsteel and Sanyo to better support Japanese automotive and component manufacturers in the North American vehicular products market. Sanyo is a world leader in the production of specialty steel, particularly premium bearing steels for the automotive industry. These agreements will primarily cover non-leaded, free-cutting steels, a patented steel developed by Sanyo as a substitute for leaded steels; a high-strength steel developed for lighter weight powertrain applications; and quality improvements for steel cleanliness levels beyond the current domestic standards.
