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

Order rate

Metals; Steel

The ratio of new orders recorded to the mill's capacity to produce the steel to fill the orders. Many analysts view trends in the order rate as harbingers of future production levels.

A method of winding narrow strip steel over a much wider roll. Customers want to have as much steel on a coil as will fit in their machines, so they can spend less time moving the material and more ...

Open hearth furnace

Metals; Steel

A broad, shallow hearth to refine pig iron and scrap into steel. Heat is supplied from a large, luminous flame over the surface, and the refining takes seven to nine hours. Open Hearths, at one ...

Niobium

Metals; Steel

An exotic alloy valued for its strength at extremely high temperatures and its ability to superconduct, or pass electricity with minimal resistance, at very low temperatures. It is used in aerospace ...

No. 1 heavy melt

Metals; Steel

Obsolete steel scrap grade, at least one-quarter inch in thickness and in sections no larger than five feet by two feet. Much of the metal comes from demolished buildings, truck frames and heavy ...

Oil country tubular goods (OCTG)

Metals; Steel

Label applied to the pipe products used by petroleum exploration customers. OCTG includes casing, drill pipe, and oil well tubing, which, depending on their use, may be formed through welded or ...

Nickel-based superalloys

Metals; Steel

Nickel-based alloys developed for very high temperature service where relatively high stresses are encountered and where high surface stability is frequently required. Typical applications are ...