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Glossary / C 

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CAGR:

Compound Annual Growth Rate, a number that describes the steady rate at which the initial value would have to grow every year to achieve the specific end value.

Calcination:

is a thermal treatment process in presence of air applied to ores and other solid materials to bring about a thermal decomposition, phase transition, or removal of a volatile fraction. The process of calcination derives its name from the Latin calcinare (to burn lime) due to its most common application, the decomposition of calcium carbonate (limestone) to calcium oxide (lime) and carbon dioxide, in order to produce cement.

CE:

Central Europe, refers to the following countries Austria, Czech Republic, Germany, Hungary, Liechtenstein, Poland, Slovakia, Slovenia and Switzerland.

CE4:

Czech Republic, Slovakia, Poland and Hungary.

CE6:

Austria, Czech Republic, Germany, Slovakia, Poland and Hungary.

CHP:

full name ‘Combined Heat and Power’. CHP is a process which involves the simultaneous generation of heat and electricity. The heat recovered is used to provide heating or cooling.

CIP:

the Continuous Improvement Programme is aimed at improving operational efficiency by rewarding employees who submit innovative ideas and suggestions. The reward is correlated with the money saved from the idea.

Coal:

readily combustible rock, formed from plant remains that have been compacted, chemically altered and metamorphosed by heat and pressure over millions of years.

Coke:

carbonaceous material derived from the destructive distillation of coal.

Coke battery:

a coke battery is composed of many coke ovens stacked horizontally into which coking coal is tightly packed. These ovens are heated to temperatures of up to 1,150°C, allowing the coking coal to turn into coke.

Coke conversion costs per tonne:

reflect the operating costs incurred in converting coking coal into coke. It does not include the cost of coking coal charge. It includes consumption of material, energy, services (excluding transportation), personnel and other operating expenses. It does not include depreciation and amortisation.

Coking coal:

high volatility coal used to create coke, which is consumed in the steel-making process.

COP 2010:

the Coking Plant Optimisation Programme is a capital investment programme designed to improve the productivity of its coking operation.

Crude steel:

first solid steel product upon solidification of liquid steel. In other words, it includes Ingots (in conventional mills) and Semis (in modern mills with continuous casting facility). According to International Iron & Steel Institute (IISI), for statistical purpose, crude steel also includes liquid steel which goes into production of steel castings.

CSI:

the Corporate Social Investment comprises of finances provided for projects in the following areas: community development (OKD Foundation); support for enterprise and job creation; health (OKD Foundation projects); culture (OKD Foundation projects); education (donations to schools, scholarships), environment (finances provided over and above the legal requirement); sport (sponsorship).

Customer markets:

NWR supplies its products to Austria, Czech Republic, Germany, Slovakia, Poland and Hungary.