OREANDA-NEWS. AK Steel (NYSE: AKS) and The NanoSteel® Company received the “Breakthrough Solution of the Year” award from Platts Global Metals Awards for the development of advanced automotive sheet that combines high strength and high formability for automotive lightweighting. AK Steel produced NanoSteel’s advanced automotive sheet at its facilities. The companies, who are joint development partners, believe this Third Generation Advanced High Strength steel constitutes a step change in performance over existing advanced high strength steel products. The award was presented in London on May 19, 2016, as part of the global awards program honoring excellence and accomplishments in the global metals industry.

“AK Steel is proud to be recognized with NanoSteel by S&P Global Platts for our work to bring this exciting new product to the market,” said Roger K. Newport, Chief Executive Officer of AK Steel. “AK Steel developed the manufacturing process that enabled this unique alloy composition to be produced. We are pleased to add this accomplishment to our long and successful track record of innovation.”

This award category acknowledges the work of a company or companies instrumental in taking a promising metals technology or process and expanding its use or impact. Now in its fourth year, Platts Global Metals Awards is an innovation and leadership recognition event by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence.