NanoSteel, a developer of nanostructured steel materials, and the company’s joint development launch partner, AK Steel Corporation, have won the Platts Global Metals “Breakthrough Solution of the Year” Award. This award is in recognition of NanoSteel’s advanced automotive sheet—produced by AK Steel—which brings the combination of both high strength and high formability to automotive lightweighting. (Earlier post.)
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 strength properties enable the design of parts with thinner gauges that reduce weight and the formability properties enable component designs with unique geometries for increased stiffness. Exceptional elongation also allows automakers to use existing manufacturing infrastructure without additional capital investment and operator re-training.
NanoSteel is an advanced materials company specializing in the design and commercialization of patented steels with exceptional mechanical properties derived from their nano-scale microstructure. Its primary focus is proprietary alloys for use as sheet steel in automotive lightweighting applications.
Founded as a spinoff of the US Department of Energy’s Idaho National Laboratory in 2002, NanoSteel has developed multiple generations of ferrous materials innovations including metallic coatings, additive manufacturing powders, and sheet steel protected by over 300 patents filed and/or granted worldwide. NanoSteel is a privately held company funded by lead shareholders EnerTech, Fairhaven Capital, and GM Ventures.