whatever ... TRACK RACing bikes at least bikes made after the year 2000 are almost always Al or Carbon .... "steel" frames generally, in regard to cheap entry level "fixies", can be produced by nearly untrained laborers in Asia compared to high end carbon and Al fabrication. Needless to say YOU GET WHAT YOU PAY FOR ... the Steel is real thing is a bit dated and tongue and cheek at this point if you ask me, it's just a handy thing for people to say so they can sound cool. There are plent of pro & cons for all materials mentioned here.