Blender 3D: Noob to Pro/Every Material Known to Man/Iron

Pure Iron

This is an iron texture that I experimented with in comparison to some real iron. You can tweak it to your preference to see if it can look better.

Material Tab - Color

R=0.6 G=0.6 B=0.5

Shaders Tab

Diffuse Shader - Lambert
Ref=0.8

Specular Shader - CookTorr
Spec=1
Hard=100

Mirror Transparency Tab

Ray Mirror On
RayMir:0.4

Ray tracing should be enabled in the render settings. This can be done by going to the scene group (F10) and, under the Render Tab, clicking Ray.