- In 2024, Japan's Nippon Steel Corporation commenced operations of a new Advanced High-Strength Steel production line in Wakayama, boasting an annual capacity of 1.2 million metric tons. This facility aims to cater to the growing demand in the electric vehicle and construction markets.
- In 2024, ArcelorMittal entered into a joint development agreement with a European automaker to co-design high-strength steel structural modules utilizing third-generation AHSS. This collaboration aims to enhance vehicle performance and safety through innovative steel solutions.
- In 2023, South Korea's POSCO introduced a nano-structured martensitic steel with a tensile strength of 1,800 MPa. This advanced steel has been adopted in over 3,000 electric SUVs across Asia, highlighting its suitability for lightweight and high-strength applications in the electric vehicle sector.
