I was referring normally to replacement (aftermarket) caps.

Most factory molded plugs are made of what seems to be nickel-plated brass (it definitely isn't steel because it's not magnetic). On a side note, I have a small GE alarm clock (probably 1960s or 70s vintage) where the blades on the plug are aluminium!! [Linked Image]

The rusted prongs on cord caps I've run across are American.

Joe Tedesco once posted a picture of a stump of lamp cord with one of those round rubber replacement caps and the pins were visibly rusted.

I haven't been able to find the picture (perhaps it was deleted). Maybe Joe can repost it? [Linked Image]

Don't have a digital camera, or I would take a pic of one or two of such old ones I've removed that I still have lying around at home.