Elven truesteel is the common name given to a specially treated form of mithral produced by the greatest master smiths of the elves. Items forged of elven steel have the remarkable ability to reform if its pieces are brought back together as a full-round action. The pieces bond quickly and seemlessly, restoring the item to its original splendor after a few moments, including any magical enchantments it may have possessed.
What's more, bladed weapons made primarily of elven steel are exceptionally sharp, gaining the benefit of the keen weapon quality while also increasing its critical multiplier by 1. Armor and shields also benefit from the fabled metal, receiving the following benefits: Heavy armor is treated as medium armor, and medium armor is treated as light armor. Spell failure chances are reduced by 15%, maximum Dexterity is increased by 2, and armor check penalties are lowered by 3 (to a minimum of 0). Items forged from elven truesteel are considered masterwork quality.
Elven truesteel has 30 hit points per inch of thickness and a hardness of 15. It also has the equivalence of fast healing 10, but only for the item itself.
Light Armor +1,500 gold
Medium Armor +4,500 gold
Heavy Armor +9,500 gold
Shield +1,500 gold
Weapon +1,000 gold
Other Item +500 gold/lb