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I bet that that handle gets really hot! Gotta watch out for burned fingers.
I don't think so. All my cookware is stainless steel or castiron unipiece (nothing exactly like OPs carbon steel pressed sheet metal tho) and the handles get warm but not really hot.
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We have some cast iron pans that get hot, and I mean real hot. To make omelets I get it hot enough that I do not want to rap my hand around it for very long at all.
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From Darto:
"The hole between the base and the handle helps to avoid heat to transfer to the handle quickly. In most cases, you can finish cooking without the handle getting hot enough, but in the end you could probably need a towel to move the pan around."