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Capital employed
Interest-bearing invested capital.
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Coating
Metallic (zinc, nickel, aluminum) or organic (paint, plastic) coating of flat carbon steel products to provide corrosion protection.
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Coil coating
Finishing of steel sheet by organic coating with paints and films.
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Downstream activities
Further processing steps carried out on flat steel to add value, e.g. coating, steel service or tailoring.
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EBIT
Earnings before interest and taxes.
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EBITDA
Earnings before interest, taxes, depreciation and amortization.
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EVA
Economic value added, difference between ROCE and weighted average cost of capital, multiplied by capital employed. If EVA is positive, the return on capital employed is higher than the cost of capital.
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FOB
Abbreviation for free on board (... named port of shipment). Pricing term used in raw materials business (excluding freight costs).
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Free cash flow
Net cash from operating activities less net cash used in investing activities.
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High-strength steels
Steel grades which display good forming properties despite having extreme strength. Their properties are achieved by a combination of hard and soft microstructure phases. A distinction is made between dual-phase, multi-phase and complex-phase steels.
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IISI
International Iron and Steel Institute.
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Hydroforming
Innovative forming process using a pressurized fluid in a closed die to produce complex shapes e.g. from tubular starting material.
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L-IP® steels
Lightweight steels with induced plasticity. New class of steels for manufacturing complex-shaped steel structural components displaying very high strength.
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NewSteelBody
Weight-optimized steel body-in-white made possible by an intelligent combination of conventional stampings and innovative tubular components.
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OEM
Internationally used abbreviation for original equipment manufacturer, i.e. car producer.
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ROCE
Return on capital employed.
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S3
Abbreviation for Success in Stainless Steel. Initiative to enhance efficiency in the Stainless Steel business unit as part of ThyssenKrupp best.
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Slab
Semi-finished steel product for the production of flat-rolled steel.
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Strip casting
Technology in which liquid steel is cast between two rotating rollers and subsequently solidifies into a hot strip-like product.
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Supply chain management
Looks at the entire supply chain of a company to optimize the flow of information and materials between internal and external suppliers, production, distributors and customers.
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Tailored products
Blanks or tubes made of individual sheets of same or different grade, thickness or finish, welded together by laser. Tailored products are formable and are tailored to specific customer requirements.
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ThyssenKrupp best
Program to enhance efficiency in all areas of the company. Best stands for “business excellence in service and technology”.
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US-GAAP
United States accounting rules; GAAP = Generally Accepted Accounting Principles.
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WorkPro
Initiative for value-based optimization of the customer and product portfolio at ThyssenKrupp Stahl as part of the ThyssenKrupp best program.
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