US Steel Secures NanoSteel Patents to Expand Auto Steel Offering
United States Steel Corporation announced the acquisition of the flat rolled sheet patents and trademarks of The NanoSteel Company Inc as part of US
United States Steel Corporation announced the acquisition of the flat rolled sheet patents and trademarks of The NanoSteel Company Inc as part of US 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. 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.
US 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.