The ability of a material to retain its magnetization after the external magnetic field is removed is called coercivity. For a permanent magnet, high coercivity is needed to retain its magnetization.
- Steel has higher coercivity than soft iron, meaning it is more resistant to demagnetization. This is crucial for permanent magnets, which need to retain their magnetic properties over time.
- Soft iron, on the other hand, has lower coercivity and is more easily magnetized and demagnetized, making it suitable for temporary magnets like electromagnets.
Thus, steel is preferred over soft iron for making permanent magnets because it has more coercivity.