I place welding magnets all over the grinding bench to catch the stray metal grit/dust. They get covered with the metal, which forms strings along the magnetic flux lines. They look beard-like and are similar to steel wool. Regularly, a spark will be attracted to the magnet and start a "fire" along these whiskers of steel dust. It is sort of cool to look down and see the little balls of fire running in and out along the beard of metal grit. When one gets too hot, I just dunk the magnet in the dip tank to extinguish the fire.
At the end of a grinding session, I turn off all the equipment, shut of the lights, and look for any glowing around the magnets. Most likely it will just burn out, but I have several black spots on the bench where it charred the wood before I dunked it. I go inside and wash up, then go back out after a while and look around in the dark again as well as do a "sniff" test. With the place closed up and nothing moving the air around, I can smell any smouldering easily.
For a fun experiment, set a piece of steel wool on the concrete floor. Light it on one end and watch the little fires run back and forth. Now, take your welding torch and tun on the oxygen only. Direct the oxygen flow at the burning wool. You will see how bright it can burn with more than the 20% atmosphering O2 level.
Don't lean over the wool while doing this unless you hate your eyebrows.