I have cut and welded spindles, and draglinks before. Both were cast steel, and i havent had problems with them.
http://www.esabna.com/EUWeb/OXY_handbook/589oxy16_1.htm
"Cast Steel Many castings are made from steel, rather than cast iron, in order to arrive at finished parts which have high shock resistance and good ductility, properties in which cast iron is generally deficient. Cast steel can often be distinguished from cast iron by its surface color. The