US Patent Issued to POSCO on March 31 for "Austenitic stainless steel with excellent productivity and cost reduction effect and method for producing same" (South Korean Inventors)

ALEXANDRIA, Va., March 31 -- United States Patent no. 12,590,359, issued on March 31, was assigned to POSCO (Pohang-si, South Korea).

"Austenitic stainless steel with excellent productivity and cost reduction effect and method for producing same" was invented by Seokweon Song (Pohang-si, South Korea), Jong-su Paek (Pohang-si, South Korea) and Hak Kim (Pohang-si, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is a high-strength austenitic stainless steel and a method for producing same, wherein the austenitic stainless steel has high productivity due to excellent hot workability thereof and a superior cost reduction effect due to a large decrease in content of nickel (Ni) which is a high...