Carpenter Technology Corp. (CRS) said it has finalized the completion of a formal cooperation deal with United States Steel Corp. (X), situated in Pittsburgh, Pa., allowing for the development of a new "lightweighting" steel for automotive applications.
Carpenter's patented alloy, TEMPER TOUGH specialized steel alloy, is designed for use in flat-roll automotive applications, as well as other demanding applications. Originally designed for the aerospace industry, the new alloy may help automotive manufacturers meet recently mandated Corporate Average Fuel Requirement standards by lightweighting vehicles through mass reduction, according to the company. Further, TEMPER TOUGH specialized steel alloy offers extraordinarily high-strength and ductility attributes that support ever-increasing safety requirements to be designed into critical automotive support end-uses.
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