#TataSteel Europe and #POSCO partner to develop innovative steels for the future
Tata Steel Europe announced a cross-licensing agreement with South Korean POSCO, which will allow the company to increase the range of advanced products to key markets including the automotive and construction sectors. The deal will allow Tata Steel Europe to access Physical Vapour Deposition (PVD) technology, an innovative process allowing steels to be given anti-corrosion coatings without the current requirement to heat them during the hot-dip galvanising process. This has the potential to allow for an increase in the number of steel products on which specific anti-corrosion coatings can be used. In exchange, POSCO will be able to produce Tata Steel Europe’s patented MagiZinc. MagiZinc Auto is an advanced hot-dip zinc coating alloyed with magnesium and aluminium. It reduces tool pollution for improved press shop efficiency while delivering superior corrosion protection a...