“Concentrated solar power” (CSP) and thermal energy storage (TES) are promising renewable energy technologies, which have gained increasing interest and practical application in recent years. CSP and TES systems typically utilize molten salts such as the so-called “solar salt”, a mixture of 60 wt.% NaNO3 and 40 wt.% KNO3, for heat transfer and storage. The overall efficiency of commercially operating CSP and TES systems is currently limited, because of solar salt thermal stability, which prevents process temperatures higher than 600 °C. Even at these temperatures, corrosion of the structural materials applied in salt guiding pipework, tubes and containers is a matter of concern in long-term operation, which necessitates careful material selection. This paper outlines the superior salt corrosion behavior of a novel low-cost, Al2O3-forming, ferritic, Laves phase-strengthened (i.e., structural) steel in NaNO3/KNO3 solar salt at 600 °C. Directions for the further development of the LB2230 trial steel towards improved structural properties are derived in comparison to its predecessor Crofer®22 H.