# AK Steel enters licensing agreement with ArcelorMittal for ULTRALUME PHS steel

AK Steel announced a licensing agreement with ArcelorMittal for its ULTRALUME PHS high-strength steel product, granting AK Steel full rights to manufacture and sell the product in the US, Canada, and Mexico as part of a patent infringement settlement.

- Type: Contract
- Announced: 2019-10-28
- Where: West Chester, Ohio, United States
- Status: announced
- Products: aluminized boron press hardenable steel (ULTRALUME PHS)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AK Steel](https://endata.com/companies/17350.md)
- [ArcelorMittal](https://endata.com/companies/292.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/10/28/1936467/0/en/AK-Steel-Enters-Licensing-Agreement-Involving-Its-ULTRALUME-PHS-High-Strength-High-Formability-Steel-Product.html), 2019-10-28: "AK Steel has full rights to manufacture and sell its ULTRALUME PHS product for hot stamping and its customers are permitted to stamp and use the product in the United States, Canada and Mexico."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.