United States Steel Corporation has reportedly acquired the flat-rolled sheet trademarks and patents of the NanoSteel Company, Inc. as a part of U.S. Steel’s commitment to provide its customers advanced high-strength steels globally.
Notably, NanoSteel Company has designed and built patented proprietary alloys that derive exceptional superior characteristics from their nano-scale microstructure which creates a unique combination of extreme strength with improved formability usually found in low-strength mild steels.
For the record, the NanoSteel® grades may be rolled thicker as compared to other high-strength steel grades and are widely designed for heavy industrial and automobile applications where a higher strength-to-weight ratio is important.
In a statement David B. Burritt, President and CEO, U.S. Steel said that these new high-strength steels are in line with the company’s Best of BothSM strategy and expands and complements its wide offering of advanced superior-strength steels such as its proprietary 980 XG3TM steel.
Burritt further mentioned that U.S. steel is in talks with clients globally, seeking new applications where the combination of high formability and strength was unavailable on a commercial scale.
Citing reports, U.S. Steel has purchased a majority of NanoSteel Company’s IP and has become the sole owner and producer of its globally-recognized high-strength steel solutions.
United States Steel Corporation is a Fortune 250 company established in the year 1901 and is a prominent steel producer. Along with Big River Steel LLC – its subsidiary and a huge focus on reliability and safety, the firm’s customer-centric Best of BothSM strategy is encouraging the development of a secure and sustainable future for U.S. Steel and its shareholders.
It is worth mentioning that the company has an annual raw steelmaking capability of 26.2 million net tons. Headquartered in Pittsburgh, Pennsylvania, U.S. Steel provides world-class operations across Central Europe and the United States.