This Reinforced steels are made of Cold worked High Yield Strength Deformed i.e Cold Twisted and Deformed (CTD) to reach High Strength. The common Steels are Fe415 and Fe 500. Fe means Iron. 415 means Minimum yield stress of 415 in MPa.
It is the representation of the the iron being used
Fe stands for Iron
Where as any number after Fe represents its Yield Strength, in your question Fe415, 415 is the yield strength
Yield Strength is measured in Kn/m2. So yield strength for Fe415 is 415 Kn/m2.
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