Magnetically soft materials are characterized by their low coercivity, an essential requirement for irons and steels selected for any application involving electromagnetic induction cycling. This article provides information on ferromagnetic material properties and how they are affected by impurities, alloying additions, heat treatment, residual stress, and grain size. It also describes classification and testing methods for magnetically soft materials such as high-purity iron, low-carbon steels, silicon steels, iron-aluminum alloys, nickel-iron alloys, iron-cobalt alloys, ferrites, and stainless steels. The article also addresses corrosion resistance and provides insights on the selection of alloys for power generation applications, including motors, generators, and transformers. A short note on the design and fabrication of magnetic cores is also included.