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Discover LudwigThe phrase "a steep discount" is correct and usable in written English
It can be used when referring to a significant reduction in price for a product or service. Example: "During the holiday sale, customers can enjoy a steep discount on all winter apparel."
Exact(58)
The 44% stake could be had for $13 million at current prices, a steep discount from a year ago.
(The piece sold at what amounted to a steep discount).
Greek bonds already trade on open markets at a steep discount to their face value.
They would then become eligible as collateral again, albeit at a steep discount.
But perhaps just as important was a steep discount by a decidedly non-indie retailer.
Gazprom, the world's largest natural gas company, offered a steep discount on fuel in exchange.
These notes ("scrip") would start to circulate at a steep discount to euros.
Centerbridge had bought Singapore's bad loans at a steep discount and sued CWCapital over its fees.
He said the hotel was willing to offer a steep discount to office users in transition.
And because they know they're the only market in town, they are buying at a steep discount.
There I acquired, at a steep discount, Henry R. Stiles's three-volume "History of the City of Brooklyn".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com