Yes Fins they are select steel. Actual cost was $9 but it wasn't all bargains at this auction. I had to pay $4 for the Stanley 100 miter vise at this auction but they did throw in a old vise with the miter vise. Actually they coudn't get a bid on the regular vise and threw the Stanley in to get a bid. Kind of an end of sale item. The standard vise is a Shepard which I haven't seen before. Looks like it had an anvil end on back which is broken off,but vise works fine. I think grinding the fracture face smooth and a coat of implement enamel will give me a good working outdoor vise. Anyone have any info or photo on Shepard vise;would like to know what broke off.