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For standard steel grades, the yield strength fy and tensile strength fu are defined according to the thickness of the element according to EN 1993-1-1 Table 3.1.
Within the material properties the rules for reduction of the yield strength in function of the thickness can be edited. This allows the definition of any custom material with custom thickness reduction.
For cold formed sections, the reductions of the yield strength in function of the thickness are not applied.