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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
life cycle costing
Metals; Steel
An accounting method of costing where expenses are allocated over the life of the product. Life cycle costs are often lower for stainless steel than for alternatives despite a higher initial outlay, ...
light-gauge steel
Metals; Steel
Very thin steel sheet that has been temper-rolled or passed through a cold-reduction mill. Light gauge steel normally is plated with tin or chrome for use in food containers.
london metal exchange (LME)
Metals; Steel
A metals trading center for the Western World. The LME also determines the metal price for aluminum trading for current and future delivery.
long products
Metals; Steel
Classification of steel products that includes bar, rod and structural products, that are “long,” rather than “flat. ”
low-carbon steel
Metals; Steel
Steel with less than 0. 005% carbon is more ductile (malleable): It is capable of being drawn out or rolled thin for use in automotive body applications. Carbon is removed from the steel bath ...