A new low-nickel (6.0-7.5%Ni) steel plate for LNG storage tanks has been developed with performance equivalent to 9% Ni steel, which has been used for LNG storage tanks for several decades. This excellent performance equivalent to 9% Ni steel was achieved by reducing the amount of added nickel, optimizing the chemical composition, and by applying the latest Thermo-mechanical controlled process (TMCP) technology to the steel plate, in order to contribute to cost savings and natural resource savings. Developed steel has been practically applied through joint research with customers and committees, and the expansion of its applications is progressing.

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