Thank you for the replies.
I notice that the nuts described as freecut are assigned to both grade P and grade 6 simultaneously. Presumably these are alternative descriptions for what is essentially the same grade of steel.
I've just found the following (http://www.fasnetdirect.com/refguide/Metnutst1cl810.pdf), which may explain the use of the term freecut in this case:
"Class 6 nuts shall be made of a steel which conforms to the following chemical composition– Carbon: 0.50% maximum; Phosphorus: 0.060% maximum; Sulfur: 0.150% maximum.
Class 6 nuts may also be made from free-cutting steel which conforms to the following chemical composition–Carbon: 0.50% maximum; Sulfur: 0.34% minimum; Phosphorus: 0.11% minimum; Lead: 0.35"