- Industry: Metals
- Number of terms: 8616
- Number of blossaries: 0
- Company Profile:
Michelle Applebaum Research is a Chicago-based equity
research consulting firm founded by Michelle Applebaum,
formerly a Managing Director of Salomon Brothers. The
company provides consulting expertise in the area of steel
and steel equities to institutional investors and industry.
Normally defined as steel mills that melt scrap metal to produce commodity products. Although the mini-mills are subject to the same steel processing requirements after the caster as the integrated steel companies, they differ greatly in regard to their minimum efficient size, labor relations, product markets, and management style.
Industry:Metals
An alloying element used as a raw material for some classes of stainless steel. Molybdenum in the presence of chromium enhances the corrosion resistance of stainless steel.
Industry:Metals
Ratio of the end-of-period inventory to average monthly level of sales for the period.
Industry:Metals
An income-averaging provision that allows companies with losses to either carry forward the loss up to 15 years to offset otherwise taxable future income, or carry back the NOLs up to three years to receive a refund for taxes previously paid (see FAS 109).
Industry:Metals
An alloying element used as a raw material for certain classes of stainless steel. Nickel provides high degrees of ductility (ability to change shape without fracture) as well as resistance to corrosion. Approximately 65% of all nickel is used in the making of stainless steel.
Industry:Metals
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 aircraft turbine and land-based turbine components.
Industry:Metals
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 applications, in superconducting magnets in MRI (magnetic resonance imaging) equipment, when alloyed with titanium, and in particle accelerators.
Industry:Metals
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 duty springs. Mini-mills are primary consumers of No. 1 heavy scrap.
Industry:Metals
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 seamless processes.
Industry:Metals
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).
Industry:Metals
