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

Operating rates

Metals; Steel

The ratio of raw steel production to the mill's stated capacity. Each December, steel companies report to the AISI their estimated capacity (if they could sell all steel they produced) for the ...

Opeb expense

Metals; Steel

Other Postretirement Employment Benefits: Usually refers to health care obligations to a mill's retired workers, although its meaning also can include layoff benefits (see FAS 106).

Grain-oriented silicon electrical steel

Metals; Steel

The metal's grain runs parallel within the steel, permitting easy magnetization along the length of the steel. Although grain-oriented steel may be twice as expensive to produce, its magnetic ...

Thin, flat-rolled steel. Coiled sheet steel accounts for nearly one-half of all steel shipped domestically and is created in a hot-strip mill by rolling a cast slab flat while maintaining the side ...

Sintering

Metals; Steel

A process that combines iron-bearing particles, once recovered from environmental control filters, into small pellets. Previously, these materials were too fine to withstand the air currents of the ...

Silicon electrical steel

Metals; Steel

A type of specialty steel created by introducing silicon during the steelmaking process. Electrical steel exhibits certain magnetic properties, which make it optimum for use in transformers, power ...

Shredded scrap

Metals; Steel

Fist-sized, homogenous pieces of old automobile hulks. After cars are sent through a shredder, the recyclable steel is separated by magnets. Mini-mills consume shredded scrap in their electric arc ...