Steel, late production for the WW2 German K98 Mauser bayonet. Excellent German style scabbard. Hard to tell from original.
Nice price, looks good. My orginal K98 bayonet fit into it nicely and the scabbard fits nice and snug in the frog.
This is a very well made replica of said scabbard. I would say also it shows excellence in the workmanship. I really like it and will put to use now. An excellent product albeit a replica.