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New NSSC FW1 Stainless Grade Receives Nikkei Excellence Award
01/06/2011 - Nikkei Inc. has awarded its Nikkei Business Daily Awards for Excellence to NSSC (Nippon Steel & Sumikin Stainless Steel Corp.) for its NSSC FW1 (Forward One) stainless steel, which hit the marketplace in July 2010.
Nikkei Inc. has awarded its Nikkei Business Daily Awards for Excellence — part of the Nikkei Superior Products and Services Awards — to NSSC (Nippon Steel & Sumikin Stainless Steel Corp.) for its NSSC FW1 (Forward One) stainless steel, which hit the marketplace in July 2010.
Nikkei Superior Products and Services Awards is one of the most prestigious and time-honored prizes in the field, given each year to only one distinct product screened from among numerous new products and services reported to Nikkei during the year. The prize is given after a thorough overall evaluation addressing such aspects as R&D novelty, cost-effectiveness, contribution to business, growth potential, uniqueness, and impact on industry and society.
The winner of this year’s prize, NSSC FW1 (14%Cr-0.1%Sn), is the world’s first Sn-added high-purity ferritic stainless steel. The new steel has the potential to dramatically improve the corrosion resistance of ferritic stainless steel through the addition of trace amounts of tin (Sn). NSSC FW1 also has the potential to provide improved formability by reducing chromium—a basic element of stainless steel.
The winner of this year’s prize, NSSC FW1 (14%Cr-0.1%Sn), is the world’s first Sn-added high-purity ferritic stainless steel. The new steel has the potential to dramatically improve the corrosion resistance of ferritic stainless steel through the addition of trace amounts of tin (Sn). NSSC FW1 also has the potential to provide improved formability by reducing chromium—a basic element of stainless steel.
Now, after almost 100 years since the invention of stainless steel, NSSC FW1 is expected to be counted as a candidate for a third representative grade most likely to be ranked with the existing two major representative grades, namely, TP304 (18%Cr-8%Ni) and TP430 (18%Cr), which together currently account for a little over half of all stainless steel grades. According to the company, it has been inundated with more than 2,000 enquiries from customers both at home and abroad following its announcement of NSSCÒ FW1’s market release.
As further development of this technology, NSSC commercialized in December 2010 another grade of high-corrosion resistance, high-purity ferritic stainless steel: NSSC FW2 (Forward Two, 16%Cr-0.3%Sn).
Upholding the idea of “contribution to society through stainless steel manufacture” and as a manufacturer firmly rooted in and true to the principles of building manufacturing capabilities and R&D strengths, the company said it is planning to continue the development and commercialization of new products that can offer good value to its customers.
As further development of this technology, NSSC commercialized in December 2010 another grade of high-corrosion resistance, high-purity ferritic stainless steel: NSSC FW2 (Forward Two, 16%Cr-0.3%Sn).
Upholding the idea of “contribution to society through stainless steel manufacture” and as a manufacturer firmly rooted in and true to the principles of building manufacturing capabilities and R&D strengths, the company said it is planning to continue the development and commercialization of new products that can offer good value to its customers.
