IRON n.
rom three to six percent of carbon, part of which is united with a part of the iron, as a carbide, and the rest is uncombined, as graphite. It there is little free carbon, the product is white iron; if much of the carbon has separated as graphite, it is called gray iron. See also Cast iron, in the Vocabulary. -- Fire…
STEEL n.
t and one and a half per cent of carbon), and consisting of an alloy of iron with an iron carbide. Steel, unlike wrought iron, can be tempered, and retains magnetism. Its malleability decreases, and fusibility increases, with an increase in carbon.