Semi-finished product

A semi-finished product or half-finished product is an intermediate step between a raw material and a consumer good. Raw materials are transformed into semi-finished products, and these, later to consumer goods. For example, the wood of a tree (raw material) is first transformed into planks or slats (semi-finished products) and, subsequently, a table or a piece of furniture (consumer goods) is created from these slats or planks. >

They are products that are not consumed directly, but serve as first material for other industries.

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