| Everything You Always Wanted to Know About Steel. . . But Were Afraid to Ask Copyright Michelle Applebaum Research, Inc 2003-2006 All rights reserved. June 2006 |
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
N
NET OPERATING LOSS (NOLS)
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).
****
NICKEL (NI)
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.
****
NICKEL-BASED SUPERALLOYS 5
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.
****
NIOBIUM 5
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.
****
NO. 1 HEAVY MELT
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.
****
Source: Weirton Steel Glossary
Source: Dofasco Glossary of Terms
Source: Reliance Steel 10-K
Source: BlueScope Steel Glossary of Terms
Source: Allegheny Technologies 10-K
Source: Alcoa 10-K
Source: Alcan 10-K
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
N
NET OPERATING LOSS (NOLS)
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).
****
NICKEL (NI)
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.
****
NICKEL-BASED SUPERALLOYS 5
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.
****
NIOBIUM 5
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.
****
NO. 1 HEAVY MELT
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.
****
Source: Weirton Steel Glossary
Source: Dofasco Glossary of Terms
Source: Reliance Steel 10-K
Source: BlueScope Steel Glossary of Terms
Source: Allegheny Technologies 10-K
Source: Alcoa 10-K
Source: Alcan 10-K
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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