In short:
The power steering fluid is usually the ATF type, and we can identify it by its red color. Since a few years ago, however, manufacturers use fluids that are specific for each car.
To find the ideal power steering fluid for your car in the owner’s manual, click here. If you cannot find that information, it is okay to use an automatic transmission fluid type ATF+4 or Mercon V provisionally.
Steering fluids pass on the force necessary to make the steering system turn. This force is created by the pump of the power steering system. You should always have the recommended fluid level because if the level is low, the pump may get damaged.
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