Metallurgically it does not have some of the benefits that some of the newer frame materials geared towards the racing world have. With aluminum there is increased stiffness and weight and with the carbon both the former and also the added benefit of zero fatigue life. Although with these gains, come losses, and all of this can be argued and also depends on the quality level of each of the given three. Aluminum corrodes when it comes into contact with salt and h2o, which can lead to catastrophic failure. Carbon on the other hand cannot handle the impact of a direct hit, which often happens in a crash. For people who race, and are constantly going through new bikes every season or two, this may be irrelevant. But for the weekend warrior, average group or club rider, and the commuter who is on a budget, this matters. When it's not about how fast your going, but the enjoyment of getting there, and doing it in classic style, this becomes real.
Perhaps steel is dubbed with the 'realness' title because it lasts, and can be be repaired. Or because of its ability to lend itself to to the underground companies with their small batch, quality over quantity fuck your carbon bikes and techno yuppie race gear mentality, such as the folks of Rivendell bikes. This simplistic mentality has more recently been adopted by the neo-retro, keep it simple and technologically acceptable, urban hipster movement. But isn't it also true that so many of these race bike companies with the glossy ads, nascar color schemes, douche bag reps and asshole race shop owners who want to sell sell sell their crap to the doctor and lawyer type are just that, fake. While many a small steel frame builder toils away at his or her chosen art fully well knowing that monetary gain is nowhere in sight. Maybe this what makes it all the more real. Makes you wonder.
