U. S. Steel Secures NanoSteel® Patents to Expand Capabilities of World Class Advanced High-Strength Steel Offerings
March 04 2021 - 8:00AM
Business Wire
United States Steel Corporation (NYSE: X) today announced the
acquisition of the flat rolled sheet patents and trademarks of The
NanoSteel Company, Inc. as part of U. S. Steel’s ongoing commitment
to offer customers the world’s best selection of advanced
high-strength steels, which now includes the most formable
high-strength steel available anywhere.
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The superior strength and elongation
performance of U. S. Steel’s NanoSteel and XG3 steel is reflected
in the diagram depicting global formability of automotive steel.
(Graphic: Business Wire)
The NanoSteel Company designed and developed patented
proprietary alloys which derive exceptional mechanical properties
from their nano-scale microstructure, which creates a unique
combination of extreme strength with the enhanced formability
normally found only in low-strength mild steels. The NanoSteel®
grades can be rolled thicker than other high-strength grades and
are designed for automotive and heavy industrial applications where
higher strength-to-weight ratios are essential.
“We are pleased to offer our customers yet another set of
advanced high-strength steel grades that move beyond the boundaries
of what was previously possible,” U. S. Steel President and Chief
Executive Officer David B. Burritt said. “These products are in
line with our Best of BothSM strategy and complement and expand our
already strong offering of advanced high-strength steels like our
proprietary 980 XG3TM steel.”
“We are already in discussions with customers around the world,
looking at new applications where this combination of high
formability and high strength was not available on a commercial
scale until now,” Burritt said.
U. S. Steel has acquired the majority of The NanoSteel Company’s
intellectual property and becomes the sole owner and producer of
its internationally recognized high-strength steel grades. Other
terms of the transaction were not disclosed.
A graphical representation of the superior strength and
elongation performance of U. S. Steel’s NanoSteel® steel is shown
in the accompanying graphic.
Founded in 1901, United States Steel Corporation is a Fortune
250 company and a leading steel producer. Together with its
subsidiary Big River Steel LLC and an unwavering focus on safety,
the company’s customer-centric Best of BothSM world-competitive
integrated and mini mill technology strategy is advancing a more
secure, sustainable future for U. S. Steel and its stakeholders.
With a renewed emphasis on innovation, U. S. Steel serves the
automotive, construction, appliance, energy, containers and
packaging industries with high value-added steel products such as
U. S. Steel’s proprietary XG3™ advanced high-strength steel. The
company also maintains competitively advantaged iron ore production
and has an annual raw steelmaking capability of 26.2 million net
tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania,
with world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210304005263/en/
John O. Ambler Vice President Corporate Communications T – (412)
477-1719 E – joambler@uss.com
Kevin Lewis Vice President Investor Relations T – (412) 433-6935
E – klewis@uss.com
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