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Term
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Definition
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| Negotiate |
Trade.
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| Net Ton/Short Ton |
2,000 pounds |
| Net Weight |
The weight of material unloaded from a conveyance, determined by subtracting the weight of the conveyance (tare weight) from the total weight of material and conveyance (gross weight). |
| Nickel |
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. |
| No Analysis |
The chemical analysis of the scrap under consideration is of no consequence. The material is being purchased regardless of what the chemical analysis may be. |
| No Dope Car |
A carload of scrap received by a consumer for which he has received no advance notice. He is not sure of what grade it was intended to be, what broker was responsile for its shipment, nor to which order it applies. Some consumers charge a specific sum of money to cover their inconvenience in handling no dope cars.
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| No Rejection |
The shipment may not be refused by the consumer for certain reasons, which should be clearly spelled out in advance. Failure of the shipment to comply with other limitations may result in a rejection, however.
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| No-Bake Molding |
Molding accomplished by using a resin and catalyst system, can be furanic or phenolic. The resin is mixed into the sand with the catalyst added immediately before molding.
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| 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. |
| Nodular |
Another name for ductile iron. See "Ductile."
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