Thermite welding is a fusion welding process that uses a mixture of aluminum powder and iron oxide to produce superheated liquid steel without the need for an external power source or electrode. The process involves preparing a mold with the parts to be joined, preheating the parts, igniting the thermite mixture to create molten metal over 2500°C, and pouring the liquid into the mold to fuse the parts together. Thermite welding can join very large structures like rail tracks or pipes.