A forged steel globe valve is a type of valve that is widely used in fluid control systems to regulate, throttle, or isolate the flow of liquids or gases. Unlike gate valves that are used for on/off flow control, globe valves are designed specifically for throttling and precise flow regulation. The "forged steel" refers to the manufacturing process, where steel is heated and shaped under high pressure to create the valve components, offering improved strength and durability compared to cast valves.