Ferrous metals â?? iron and its alloys (steels, ferroalloys, cast irons), account for more than 90% of the total volume used in the economy of metals, of which the main part is made up of various steels, steel tubes, steel coils, rebar, rubber. Ferrous metals are used to make railway rails, pipes for transporting oil and gas, metal scaffolding, anchors for swimming facilities, nails, needles, springs, and much more.