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Steel is an incredibly useful material that is used in a multitude of applications. In fact, it is believed that more than 55 percent of the average car is composed of steel. The kind of alloy used in its production determines its flexibility, as they affect the quality, durability, and strength. The way in which the metal is cooled has a major impact on its microstructure, and therefore, its overall properties. It can be manipulated to achieve certain characteristics like machinability yielding strength, and resistance to corrosion.

Steel is iron that has other elements alloyed to it in order to enhance its physical properties and make it suitable for specific applications. The proportions of additional alloying elements determines the category of steel a steel belongs to and the overall performance for different applications.

For example stainless is composed of a minimum 11 percent chromium. This makes it invulnerable against corrosion. This is what makes it ideal for a variety of uses, including kitchen utensils and cutlery. Tool steel, for instance is characterized by an extremely high hardness and abrasion resistance that makes it a favorite for hand machines and tools. Additionally, the high ductility and weldability of carbon steels make them suitable for a variety of applications. Electrical steel is a steel grade that has silicon (typically around 3%) This enhances the magnetic properties and decreases losses from eddy-current. It is therefore ideal for transformer cores and laminations of electric motors.