Glossary
Wrought Iron
Steel
This is a type of iron, which unlike hard, brittle pig iron – such as is tapped from a blast furnace – is tough and malleable, allowing it to be forged and welded. It has a high tensile strength and is more corrosion resistant than steel. Wrought iron has a very low carbon content – lower than many steels – but importantly it has traces of manganese/sulphur/phosphorus/silicon-containing slag which give it a fibrous structure and which contributes to its desirable properties.
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Anonymous
Very good overview of the weekly steel market.
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