NanoSteel®, a specialist in nanostructured steel materials, and the companyâs joint development launch partner, AK Steel Corporation, have recently won the Platts Global Metals âBreakthrough Solution of the Yearâ? Award. The Platts Global Metals Award recognizes the productâs groundbreaking properties, which offer the combination of both high strength (1200 MPa) and high formability (50% elongation), exceeding the third generation advanced high strength steel (AHSS) target set by automakers.
âThe company is honored to have our advanced sheet selected as Plattâs Breakthrough Solution of the Year,â? said NanoSteel president and CEO David Paratore. âWe believe this product brings optimal properties to automotive engineers for reducing structural weight without compromising safety and ride-quality requirements. Our material also provides all the benefits of steel, making it more cost-effective than alternative metals and easier to integrate into a supply chain and parts manufacturing footprint that has successfully produced steel automotive components for more than 100 years.â?
âAK Steel is delighted to partner with NanoSteel to bring this third-generation AHSS into commercial production and distribution for the automotive industry,â? said Roger Newport, CEO of AK Steel. âAs the first steel producer to develop the process to manufacture this unique product, we appreciate this recognition from Platts. This multi-year partnership between two innovative companies is uniquely positioned to advance steelâs leadership in vehicle lightweighting.â?