Steroids are fat-soluble and nonpolar molecules that are found in every biological system.
It has a fused ring structure and is a precursor to various biomolecules such as cholesterol, testosterone, progesterone, etc.
Steroids are not considered true lipids.
They are usually classified under lipids but the structure and function of steroids are different from lipids though they have a similar property of hydrophobicity and insolubility in water.
Steroids can interact with fatty acids as they have a -OH group attached to the ring.
Cholesterol is the most common example of a steroid molecule.