The symbol for the element iron is Fe. This symbol is derived from the Latin word "ferrum," which means iron. Iron is a transition metal with atomic number 26 and is one of the most abundant elements on Earth. It is widely used in various applications, primarily in the production of steel, which is essential for construction and manufacturing. Iron plays a crucial role in biology as well, being a key component of hemoglobin in red blood cells, which transports oxygen throughout the body. Its significance in both metallurgy and biology underscores its importance in everyday life.