When a beam is subjected to bending, in steel design two cases are recognized.
Assuming no plasticity is reached, from mechanics of materials then
$$ \sigma = \frac{My}{I_x} = \frac{M}{W_x}, \hskip2em \text{where}\hskip2em W = \frac{I}{y_\max} = \frac{I}{c}, $$$c$ or $y_\max$ is maximum distance from neutral axis (NA), $W_{x}$ is elastic section modulus. According to Eurocode the assessment is
$$ \begin{equation} M_{Ed} \le M_{c,Rd}, \end{equation} $$where $M_{Ed}$ is design value of the bending moment from external load and $M_{c,Rd}$ is the design resistance for bending. It depends on the section class whether ultimate state (plasticity) can be achieved or not. For that purpose we recognize 4 classes:
Class 1 | Plastic | $d/t_w \lt 72 \epsilon$ | Beam is stiff/stable enough to develope a plastic hinge with no reduction of capacity |
Class 2 | Compact | $d/t_w \lt 83 \epsilon$ | Beam can develope a plastic hinge |
Class 3 | Semi-compact | $d/t_w \lt 124 \epsilon$ | Local buckling prevents development of the plastic moment resistance. The section is supposed to work only in elastic range until yield stress is reached |
Class 4 | Slender | thin walled (usually welded) section | Local buckling expected. Plasticity will not develope in bending, only effective (not weakened) cross-section area considered, see picture |
According to the cross-section, $M_{c,Rd}$ is
$$ \begin{align} M_{pl,R} &= \frac{W_{pl} f_y}{\gamma_{M0}}, \hskip2em &\text{for class 1, 2} \\ M_{el,Rd} &= \frac{W_{el,min}f_y}{\gamma_{M0}}, &\text{for class 3}\\ M_{el,Rd} &= \frac{W_{eff}f_y}{\gamma_{M0}} &\text{for class 4}. \end{align} $$Plastic section modulus is computed when the cross-section is being exposed to a load which exceeds elastic capabilities of a member. Although not strictly real, it is supposed that the whole section is plasticized. Therefore the section is divided into two equal areas, one which carries compression, the second one carries tension. These areas are separated by plastic neutral axis (PNA) which might differ from NA. $W_{pl} = A_C y_C + A_T y_T$ ($A_C$ is area of section transmitting compression, $y_C$ is its distance from PNA).
If the holes are filled with fasteners in the compression zone, the
holes do not need to be consided (the impact of holes might be ignored). In
$A_f$ is the area of the tension zone (that means the tension flange of section or the tension flange + tension zone within web of the section).