It has the threads specified but does not thread easily into my South Bend lathe with those threads. The reason is that behind the threads, the lathe has a short unthreaded section, and the diameter there is slightly larger than the thread, and there is no corresponding gap in this article. I corrected it with a short drill. Because of the way it's made, it's actually cast iron and not steel. I don't have any equipment to measure the carbon percentage, so I can't say for sure.