Glossary

B
By-products
Are generated simultaneously during a production process
C
Capital market compliance
Measures to prevent misuse or disclosure of insider information
Chromium VI
Chromium with a valence of positive six, oxidizes very rapidly and is categorized as a carcinogen
Corporate Governance: L rules, C rules, R rules
Rule categories pursuant to the Austrian Corporate Governance Code:
L rule (Legal Requirement): The rule is based on mandatory statutory provisions
C rule (Comply or Explain): Rule should be complied with; any deviation must be explained and a reason provided in order to be in compliance with the Code
R rule (Recommendation): Rule that is in the nature of a recommendation; non-compliance need not be disclosed or explained
(Source: Austrian Corporate Governance Code, version July 2012, Austrian Working Group for Corporate Governance, www.corporate-governance.at)
E
EBIT
Earnings before interest and taxes
EBITDA
Earnings before interest, taxes, depreciation, and amortization
Eco balance sheet/Life Cycle Assessment (LCA)
Systematic analysis of the environmental impact of products during their entire life cycle, taking economic, social, and technical aspects into account, in order to achieve an objective assessment
EMAS
Eco-Management and Audit Scheme. Regulation of the European Parliament and the Council on the voluntary participation of organizations in a Community eco-management and audit scheme
EZG
Austrian Emissions Certificate Act (Greenhouse Gas Emission Trading Scheme)
F
Ferromolybdenum
Material used in the production of acid-resistant special steels
Fraud
Theft, fraud, embezzlement, breach of trust
FTE
Full-time equivalent; a full-time employee corresponds to a full-time equivalent of one, part-time employees are taken into account on a pro-rata basis corresponding to their working hours
I
Integrated metallurgical facilities
Several stages of steel production at one site
ISO 14001
International environmental standard to standardize a company’s processes and methods and to effectively implement environmental policies and objectives
J
Joint venture
A business partnership between two or more companies, which remain independent but which pool capital to pursue a commercial goal
M
Martensitic steels
Special steel grade
Megapascal
Pressure unit
Molybdenum trioxide
An upstream product in the manufacture of ferromolybdenum
MW
Megawatt
O
OHSAS 18001
Certifiable occupational safety management system
P
Powder-metallurgical production
Production and processing of powdered metal
W
WorldAutoSteel
Working Group of the World Steel Association
www.worldautosteel.org
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