PITTSBURGH—United States Steel Corporation recently announced that it acquired the flat rolled sheet patents and trademarks of The NanoSteel Company, Inc. The acquisitions are 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,” according to a release from U.S. Steel.
The NanoSteel Company designed and developed patented proprietary alloys that are reported to derive exceptional mechanical properties from their nano-scale microstructure, which are said to create 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 that require higher strength-to-weight ratios, according to the release.
“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,” said U. S. Steel President and Chief Executive Officer David B. Burritt, in the release. “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 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, the release said.
Founded in 1901, United States Steel Corporation is a Fortune 250 company and a major steel producer. 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.