Dwarvish Steel is an alloy between steel, gold, and minute quantities of White Mithril.

Dwarvish Steel is the steel made most commonly by dwarves. It usually contains gold in the alloy but periodically contains another precious metal, such as silver, instead. It is golden in appearance, and is often traded with humans for other goods as it is well crafted and not very rare, all things considered. The dwarves are proud of it nevertheless, and only accept top prices for it because it is "part of their blood"