APEX Advanced Ferritic Steel, Flibe Self-Cooled First Wall and Blanket Design As an element in the U.S. Advanced Power Extraction (APEX) program, we evaluated the design option of using advanced nanocomposite ferritic steel (AFS) as the structural material and Flibe as the tritium breeder and coolant. We selected the recirculating flow configuration as our reference design. Based on the material properties of AFS, we found that the reference design can handle a maximum surface heat flux of 1 MW/m2, and a maximum neutron wall loading of 5.4 MW/m2, with a gross thermal efficiency of 47%, while meeting all the tritium breeding and structural design requirements. This paper covers the results of the following areas of evaluation: materials selection, first wall and blanket design configuration, materials compatibility, components fabrication, neutronics analysis, thermal hydraulics analysis including MHD effects, structural analysis, molten salt and helium closed cycle power conversion system, and safety and waste disposal of the recirculating coolant design.