Iron is the most used of all the metals, comprising 95 percent of all the metal tonnage produced worldwide. Its combination of low cost and high strength make it indispensable, especially in applications like automobiles, the hulls of large ships, and structural components for buildings. Steel is the best known alloy of iron.Iron is the most abundant metal, and is believed to be the tenth most abundant element in the universe. Iron is also the most abundant (by mass, 34.6%) element making up the Earth; the concentration of iron in the various layers of the Earth ranges from high at the inner core to about 5% in the outer crust; it is possible the Earth's inner core consists of a single iron crystal although it is more likely to be a mixture of iron and nickel; the large amount of iron in the Earth is thought to contribute to its magnetic field. Its symbol Fe is an abbreviation of ferrum, the Latin word for iron.

Iron is the most used of all the metals, comprising 95 percent of all the metal tonnage produced worldwide. Its combination of low cost and high strength make it indispensable, especially in applications like automobiles, the hulls of large ships, and structural components for buildings. Steel is the best known alloy of iron.Iron is the most abundant metal, and is believed to be the tenth most abundant element in the universe. Iron is also the most abundant (by mass, 34.6%) element making up the Earth; the concentration of iron in the various layers of the Earth ranges from high at the inner core to about 5% in the outer crust; it is possible the Earth's inner core consists of a single iron crystal although it is more likely to be a mixture of iron and nickel; the large amount of iron in the Earth is thought to contribute to its magnetic field. Its symbol Fe is an abbreviation of ferrum, the Latin word for iron.