Mike J, welcome, somebody who hasn't been out of the game for 20 years
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I found this:
MEDIUM TENSILE STEEL- to AS1434 1045
1045 is a medium carbon, medium tensile steel, supplied black as rolled, black as forged or normalised and bright drawn or smooth turned, offering good strength, toughness and wear resistance. Can be hardened and tempered in sections up to 63mm, to a tensile strength range of 620-850 Mpa
Typical application
Axles, bolts, connecting rods, hydraulic rams,
pins, rolls, spindles, shafts, studsetc, requiring higher strength than 1020 / 1030 or similar grades can provide.
Welding
Readily welded black as rolled, black as forged, normalised and bright drawn or smooth turned with correct procedure. Welding when through hardened, flame or induction hardened not recommended.
HIGH TENSILE STEEL 4140
4140 is a Chrome-Moly high tensile steel, generally supplied hardened and tempered to condition “1†in sections up to 100mm, with a tensile strength of 850 – 1000 Mpa and aiming for this strength range in larger sections. It offers a very good balance of strength and toughness with high wear resistance.
Typical Applications
Axles, conveyor parts, crow bars, gears, logging parts, spindles, shafts, sprockets, studs, pinions, pump shafts, rams, ring gears, etc. requiring higher strength than 1045 can provide.
Machinability
Now available with improved machinability by calcium injection treatment.
Welding
Welding in the annealed condition is preferred and avoided if possible when hardened and tempered, due to its effect on the mechanical properties. Welding in the nitrided, flame or induction hardened condition is not recommended.