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Steel is a versatile metal that can be used for a variety of reasons. Steel is a component in over 55% of vehicles. Its versatility is determined by the type of alloy elements that are used to make it, as these factors impact the strength of the material, durability, and performance. For instance, the method that the metal is cooled by manufacturers can have a significant impact on its cyber security devices microstructure, and consequently its overall properties. It is possible to manipulate it to obtain specific properties such as machinability, yielding strength, and resistance to corrosion.

In its most basic form steel is iron that has been alloyed with other elements to improve its physical properties and make it suitable for particular uses. The proportions of additional alloying elements determines which class of steel it belongs to and the overall performance for various applications.

For example, stainless steel contains at least 11% chromium. This makes it impervious to corrosion. This is what makes it ideal for a broad range of uses, including kitchen utensils and cutlery. Tool steel, in contrast has an extremely high hardness and abrasion resistance that makes it an ideal material for hand tools and machine dies. Additionally, the high weldability and ductility of carbon steels makes them ideal for a wide range of applications. Electrical steel on the other hand is a highly specialized type of steel which contains silicon (typically around 3%). This increases its magnetic properties, as well as reducing the loss of eddy-current. This makes it ideal for laminations and transformer cores of electric motors.