Steel

Steel

Steel is a type of metal forged with iron and coal that is lighter and stronger than iron.

Industry: Metals

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Steel

extrusion

Metals; Steel

The process of shaping material by forcing it to flow through a shaped opening in a die.

fabricate

Metals; Steel

To work a material into a finished state by machining, forming, or joining.

A producer of intermediate products that does not also produce primary metal. For example, a rebar (see Reinforcing Bar) fabricator purchases rebar and processes the material to the specifications ...

Financial Accounting Standard (FAS) 106

Metals; Steel

An accounting rule established in 1990 that requires companies to change their accounting for the cost of their retirees’ future nonpension benefits (life insurance and health services). What were ...

Financial Accounting Standard FAS 109

Metals; Steel

An accounting rule for deferred taxes that requires companies to explain within their financial statements the difference between the tax expense found on the income statement and the check actually ...

fastmet

Metals; Steel

A process to directly reduce iron ore to metallic iron pellets that can be fed into an electric arc furnace with an equal amount of scrap. This process is designed to bypass the coke oven-blast ...