Japanese steelmaker JFE Steel Corporation has announced that it has launched an oxidation- and corrosion-resistant coated steel sheet for hot press forming that reduces the weight of automotive structural parts.
JFE Steel has been developing a variety of high strength steel sheets with excellent formability for conventional press forming. With the addition of the new product in question to its product portfolio, JFE Steel has expanded into the field of hot press forming.
According to JFE's statement, higher-tensile-strength steel sheet is required both to enhance safety and to reduce the weight of vehicles which enables automakers to improve fuel efficiency. The company stated that automotive manufacturers have already begun considering the adoption of the new product for vehicle production.