The pair was initially spotted on Kith's runway show during New York Fashion Week last year, which features a "Steel Blue"-like mesh upper with premium grey suede overlays for the mudguard, toe cap, and heel counter. It's worth noting that this pair is said to be releasing exclusively at Kith, but does not appear to be an actual collaboration between the brands.
As of now, the release for this New Balance 992 has yet to be revealed by Fieg but we'll keep you updated with new information as they become available.
UPDATE (05/20): As part of Kith's latest Spring 2 collection, the brand has confirmed that a "Steel Blue"-inspired New Balance 992 and 998 are releasing this Friday on Kith.com. Fieg has also announced on Instagram that these will be the first two pairs releasing as part of a five-sneaker collection with the remaining pairs yet to be revealed. Keep it locked to Sole Collector for updates in the coming weeks.