Iron Definition & Meaning | Manufacturing Term | CSIMarket

Iron

Manufacturing Term

Iron is one of the most widely used metals in the world, and it is a vital material in the manufacturing industry. It is a chemical element with the symbol Fe, and it has an atomic number of 26. Iron is a silvery-white, lustrous, and ductile metal that is both magnetic and easily rusts in the presence of air and moisture.

Iron is commonly used in the manufacturing industry for the production of steel, which is an alloy of iron and carbon. Steel is used to create a wide range of products, including machinery, vehicles, construction materials, and appliances. Additionally, iron is used in the production of cast iron, which is used to make pipes, engine blocks, and other cast iron parts.

Iron is also used in the production of wrought iron, which is a type of iron that is highly malleable and can be easily shaped into a variety of different forms. Wrought iron is commonly used to make decorative items, such as gates, railings, and furniture.

In the manufacturing industry, iron is typically extracted from iron ore, which is processed in a blast furnace to remove impurities and create pig iron. Pig iron is then further refined to create wrought iron or steel.

Overall, iron is a crucial material in the manufacturing industry, and its versatility, strength, and durability make it a valuable resource in the creation of a wide range of products.


Iron & Steel Industry Operating Statistics

More Glossary Terms Beginning with I
  • I-joist
    An "I"-shaped engineered wood structural product designed for use in residential and light commercial floor and roof construction. The product is prefabricated using sawn lumber flanges and wood panel webs, bonded together with exterior grade adhesives. Forestry & Wood Products Industry Operating Statistics
    Manufacturing Term Letter: I
  • Illiquid Securities
    are securities that cannot easily be sold within seven days by virtue of the absence of a readily available market or legal or contractual restriction on resale. Certain restricted securities (such as Rule 144A securities) are not generally considered illiquid because of their established trading market.
    Financial Term Letter: I
  • Immunocytochemistry
    A method of detecting cancer in tissues. Monoclonal antibodies are used to stain the tissues and cells before examination under a microscope.
    Health Care Term Letter: I
  • Immunogenic
    Compounds that show toxicity levels equally at given doses.
    Health Care Term Letter: I
  • Immunoglobulin IgG
    IgG or Immunoglobulin are proteins found in human blood. This protein is called an "antibody" and is an important part of the bodys defense against disease. When the body is attacked by harmful bacteria or viruses, antibodies help fight these invaders.
    Health Care Term Letter: I
  • Imports
    merchandise of foreign origin or domestically produced goods that are returned to the United States with no change in condition or after having been processed and/or assembled in other countries.
    Economy Term Letter: I
  • In-license
    Acquiring the rights to a technology and the related know-how from an unrelated company or institution in order to further develop, commercialize or otherwise exploit the technology
    Economy Term Letter: I
  • In-vitro
    refers to the technique of performing a given experiment in a test tube, or, generally, in a controlled environment outside a living organism.
    Health Care Term Letter: I
  • In-vivo
    refers that which takes place inside an organism. In science, in vivo refers to experimentation done in or on the living tissue of a whole, living organism as opposed to a partial or dead one. Animal testing and clinical trials are forms of in-vivo research.
    Health Care Term Letter: I
  • Income Per Employee
    A ratio that measures companys productivity by dividing Income earned over the past twelve months, by the number of employees. Income Per Employee displays how much a single employee contributes to the net income of the company in the period of 12 months. Income Per Employee Formula = (Net Income / Employee)
    Fundamental Analysis Letter: I
  • Income Statement
    A financial statement that reflects the companys profit by measuring revenues and expenses. Statement of Income
    Financial Term Letter: I
  • Income Tax
    means any tax on or measured by the net income of a Party (including taxes on capital or net worth that are imposed as an alternative to a tax based on net or gross income), or tax which is in the nature of an excess profits tax, minimum tax on tax preferences, alternative minimum tax, accumulated earnings tax, personal holding company tax, capital gains tax or franchise tax for the privilege of d
    Financial Term Letter: I