Steel

Steel

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

Industry: Metals

Contributors in Steel

Steel

A group of commodity steel shapes that consist of rounds, squares, flats, strips, angles, and channels, which fabricators, steel service centers, and manufacturers cut, bend, and shape into products. ...

metric ton (MT)

Metals; Steel

A unit of mass and weight equal to 1,000 kilograms, or 2,204. 6 pounds.

mini-mills

Metals; Steel

Normally defined as steel mills that melt scrap metal to produce commodity products. Although the mini-mills are subject to the same steel processing requirements after the caster as the integrated ...

molybdenum (MO)

Metals; Steel

An alloying element used as a raw material for some classes of stainless steel. Molybdenum in the presence of chromium enhances the corrosion resistance of stainless steel.

months of inventory

Metals; Steel

Ratio of the end-of-period inventory to average monthly level of sales for the period.

net operating loss (NOLs)

Metals; Steel

An income-averaging provision that allows companies with losses to either carry forward the loss up to 15 years to offset otherwise taxable future income, or carry back the NOLs up to three years to ...

nickel (Ni)

Metals; Steel

An alloying element used as a raw material for certain classes of stainless steel. Nickel provides high degrees of ductility (ability to change shape without fracture) as well as resistance to ...