Steel produced in the snow and rain (5)
I believe the answer is:
sleet
'the snow and rain' is the definition.
(I've seen this before)
'steel produced' is the wordplay.
'produced' indicates an anagram.
'steel' is an anagram of 'SLEET'.
'in' is the link.
(Other definitions for sleet that I've seen before include "Cold precipitation" , "Wintry precipitation" , "Partially frozen rain" , "Icy rain" , "Rain/ice mix" .)