NanoSteel and AK Steel win Platts Award

NanoSteel®, a specialist in nanostructured steel materials, and the company’s joint development launch partner, AK Steel Corporation, have recently won the Platts Global Metals “Breakthrough Solution of the Yearâ€? Award. The Platts Global Metals Award recognizes the product’s 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.
“The company is honored to have our advanced sheet selected as Platt’s Breakthrough Solution of the Year,â€? said NanoSteel president and CEO David Paratore. “We 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€?
“AK 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. “As 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 steel’s leadership in vehicle lightweighting.â€?
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