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

iron carbide

Metals; Steel

One of several substitutes for high-quality, low-residual scrap for use in electric furnace steelmaking. Iron carbide producers use natural gas to reduce iron ore to iron carbide.

Mineral containing enough iron to be a commercially viable source of the element for use in steelmaking. Except for fragments of meteorites found on earth, iron is not a free element; instead, it is ...

ladle

Metals; Steel

A “bucket” lined with refractory (heat resistant) bricks, used to transport molten steel from process to process in a steel plant.

ladle metallurgy furnace (LMF)

Metals; Steel

An intermediate steel processing unit that further refines the chemistry and temperature of molten steel while it is still in the ladle. The ladle metallurgy step comes after the steel is melted and ...

lance

Metals; Steel

A long metallic tube through which oxygen is blown into the BOS vessel under high pressure.

lead-time

Metals; Steel

Delivery time for an item of inventory to be moved from a source location to a destination via a specific route. Detail is specific to the level of the location. Also the time to produce a ...

legacy costs

Metals; Steel

Any costs that are associated with prior operations. Employee liabilities (pensions and health care benefits) and environmental cleanup costs usually are included under this moniker.