Glossary
Corex is the reduction process for production of hot metal from iron ore using coal. It is a coal-based smelting process that yields hot metal or pig iron. The process gasifies non-coking coal in a smelting reactor, which also produces liquid iron. The gasified coal is fed into a shaft furnace, where it removes oxygen from iron ore lumps, pellets, or sinter; the reduced iron is then fed to the smelting reactor.
Crude steel is iron that has been decarburized to remove part of the carbon in the molten metal but that has not yet been refined into a definite steel grade.
Cut-To-Length in the process where sections of flat-rolled steel is cut into a particular or desired length or shape. Such product that is cut to length is normally shipped flat-stacked.
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Very good overview of the weekly steel market.
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