PJSC Severstal, one of the world's largest vertically integrated steel and mining companies, announces the acquisition of over 40 patents and patent applications from Arcaum Alloys, Ic., a US-based company that develops and produces innovative materials based on diffusion alloyed steels.
In September 2019 Severstal acted as the lead investor of the last round of financing for Arcaum Alloys. The company has developed a unique technology for forming a special alloy on the surface of the rolled metal. The technology makes it possible to produce metal products not only with improved characteristics, for example, with high aesthetic and corrosion properties equivalent to stainless steel, but with excellent formability. At the same time, the production cost will be lower than the traditional technology for the production of stainless steel. Such products are widely used in the automotive industry, the construction industry, as well as in the production of household appliances.
Advanced developments within this technology are aimed at obtaining unique types of electrical steel for the most critical applications in modern electric vehicles, unmanned aerial vehicles and other fast-growing markets.
Severstal plans to launch a pilot production of rolled products using the new technology at the Cherepovetskogo-metallurgical plant by the end of 2021. As a result, a decision will be made on the volume of production of this rental, as well as on further scaling.
Andrey Laptev, Director of Business Development and Corporate Venture Projects at Severstal, noted:
“Acquiring intellectual property rights from Arcaum Alloys to use breakthrough technologies for metallurgy is not just a look into the future. In the near future, Severstal will offer the market truly unique products that may be of interest not only to customers of our traditional industries and segments. We are targeting fast growing markets. One of them is the electric vehicle market. Most of the largest automakers already have in their arsenal the so-called car of the future, continuing to refine it to perfection taking into account the latest technologies and the values of a conscientious consumer society. For Severstal, this is a unique opportunity to start supplying unique products abroad. The patents we have acquired are registered in many countries of the world from key regions for Severstal: Europe, Asia and North America. " >
“Severstal's venture activities for the past three years have provided the company with unprecedented access to a wide range of breakthrough technologies. The acquisition of intellectual rights to use the latest technologies as an alternative method of obtaining unique steel grades enables us to offer our clients a unique product. In the coming months, we will launch a pilot production of diffusion-alloyed rolled products at our flagship site in Cherepovets. During this industrial experiment, our regular mortgage clients will be able to take part in it. The domestic market of the Russian Federation is a net importer of stainless steel, so the start of production of this type of rolled steel will become a new round in the development of Russian metallurgy. ”