A method of making a composite material comprising a strand of high strength steel wires, the strand being coated and impregnated with a substantially impermeable and strongly adherent plastic resin, comprising advancing a fully formed strand of high strength steel bare wires from a supply thereof, the strand comprising plural outer wires individually spiraled about a center wire, cleansing the strand as it advances, heating the strand as it advances to a temperature above the fusion temperature of a plastic resin powder to be electrostatically applied thereto in a subsequent stages, temporarily opening successive sections of the strand as it advances by guiding the outer spiraled bare wires individually outwardly at an acute angle from the center wire, and subsequently closing the strand by returning the outer wires to their initial spiral configuration about the center wire, subjecting the successive sections of the advancing strand while in the opened state and after return to the closed state to an electrostatically charged powder of a thermosetting plastic resin which maintaining the strand at a different potential relative to the powder so as to attract the powder the strand and form a coating of the powder thereon which melts and fuses by heat from the strand such that upon closing the strand the resin on the center wire and the relatively inner surfaces of the outer wires impregnates an substantially fills the interstices between the center wire and to the outer wires and other of the resin forms a fused coating on the exterior of the closed strand, permitting the resin filling and coating to at least partially cure under the heat of the strand, quenching the filled and coated strand after the at least partial curing, and continuously taking up the quenched coated strand.