|
Term
|
Definition
|
| F.A.S. (Free along ship (side) ) |
Delivered to the side of the vessel and ready to be loaded. |
| F.I.F.O. (First-in, first-out) |
An accounting term, which established the "price" for inventory purposes.
|
| F.O.B. (free on Board) |
Already loaded in the vessel/vehicle and ready for shipment; or received in the loaded condition. F.O.B. requires either "shipping point" or "delivered" to complete its meaning when used as a pricing consideration, as this determines who shall pay freight charges. |
| F.O.T.(Free on Track) |
Usually refers to railroad cars on their own wheels and located at an agreed upon point on the railroad. |
| Fabricated |
"Made-up." Two or more pieces of steel, welded or otherwise joined together, to accomplish a certain required shape and function. |
| Fabricator |
A producer of intermediate products that does not also produce primary metal. Examples include brass, wire and rod mills, which buy copper and other primary or secondary metals to produce brass and other copper alloys, or take raw forms of metal and make building, magnet, telecommunications and/or industrial wire, rod, and similar products. |
| Factory Scrap |
New industrial scrap generated during the manufacturing process in plants which are further processing semi-finished steels into consumer products. |
| Fastmet |
A process to directly reduce iron ore to metallic iron pellets that can be fed into an electric arc furnace with an equal amount of scrap. This process is designed to bypass the coke oven-blast furnace route to produce hot metal from iron ore. It is also one of several methods that mini-mills might use to reduce their dependence on high-quality scrap inputs (see Direct Reduced iron and Hot Briquetted Iron). |
| Fe-C Phase Diagram |
The relationship of iron and carbon based on carbon content and temperature. |
| Feedstock |
Any raw material. |
