Ferromagnetic material: Ferromagnetic materials are significantly magnetized in the direction of the field when subjected to an external magnetic field.
Substances that, even in the absence of an external magnetic field, show spontaneous net magnetization at the atomic level. Example: Iron(), Cobalt(), Nickel().
Steel: Steel can be dragged by magnets, making it a magnetic substance.
Martensitic steels exhibit magnetic characteristics because iron is the main component of stainless steel.
Iron and carbon together into a substance called steel.
As we have mentioned above iron and cobalt are categorized as ferromagnetic and steel is a mixture of iron and cobalt, so steel is a ferromagnetic material.
Despite being lightweight, steel has remarkable strength.