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

Defined contribution retirement plan

Metals; Steel

A pension plan in which the employer promises to make specified contributions to the pension fund, but the amount of pension benefits ultimately paid to retired employees depends on how well the ...

Defined benefit retirement plan

A type of pension plan whereby the employer promises to make pension payments to retired employees in specified amounts, regardless of the performance of the fund. Because the employees' total years ...

Descaling

Metals; Steel

The process of removing scale from the surface of steel. Scale forms most readily when the steel is hot by union oxygen with iron. Common methods are: (1) crack the scale by use of roughened rolls ...