Dry metric tonne unit. A metric tonne unit is equivalent to 1% of a metric tonne (i.e. 1% of 1000 kg) and equals 10 kilograms. Iron ore prices are commonly expressed in terms of cents per DMTU.

HMS1 and HMS2 are the preferred forms of scrap for the production of steel. Both are defined as obsolete scrap - which is generated when a steel product comes to the end of its working life. HMS denot [..]

Oil country tubular goods - refers to the group of steel tube products (both seamless and welded) used in vertical oil well applications such as casing, drill pipe, and well tubing

Det Norske Veritas - independent foundation based in Norway with objective of safeguarding life, property, and the environment - with an important role in product certification

Direct reduced iron - a residual-free scrap substitute

Electric arc furnace - a furnace that melts (and thus recycles) steel scrap for the production of liquid steel using electrical power

European Coal and Steel Community - the original version of what is now known as the European Community. Founded by the Treaty of Paris in 1952, the ECSC was based on the principle of member nations s [..]

European Climate Exchange - marketplace for trading carbon dioxide emissions

Electrogalvanised - typically used to describe electrolytically zinc coated sheet steel

Environmental impact assessment - an appraisal of the environmental impact of a project during both construction and operation phases, and of future compliance with relevant regulatory requirements