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Racketeer Eddie Candell is framed on a murder charge. He escapes from the police and wanders into a blast area where scientists are conducting an experiment in cobalt mutation. He survives the explosion and discovers that his body is now capable of absorbing steel. He then pursues Andy Damon, the rival gangster who not only framed him but also took over both his mob and his moll, Linda Marlow. Damon attempts to kill his old enemy but flees when he learns that Eddie is impervious to bullets. Realizing that his body is slowly turning to steel, Eddie seeks comfort from Carla Angelo, a woman he once befriended. After Damon has fatally wounded Linda, Eddie kills him. He meets his own end when a National Guardsman turns a flamethrower on him and burns his body of steel into powdery dust.