Neil,

In an attempt to save money you may waste some. Especially if you intend to make irons from this material. All 0-1 is not created equal. Only buy material that guarantees the carbon content. For instance Enco carries two different grades. The Starret 0-1 guarantees carbon content in a range I believe that is .89 to .99 percent carbon, whereas the cheaper variety states a standard make up of .79 to .89. If you get steel thats on the lower end of that range the irons will be less than satisfactory. I buy Presco 0-1 that claims a typical make up of 1.13 percent carbon. Now that's high carbon. I've had very god results with the irons made from this material.

Ron