Topic summary
Brake dust

Extracted from the Wikipedia article Disc brake.
Dust
When braking force is applied, the act of abrasive friction between the brake pad and the disc wears both the disc and pad away. The brake dust that is seen deposited on wheels, calipers, and other braking system components consists mostly of the disc material. Brake dust can damage the finish of most wheels if not washed off. Generally, a brake pad that aggressively abrades more disc material away, such as metallic pads, will create more brake dust. Some higher-performing pads for track use or towing use may wear away much quicker than a typical pad, thus causing more dust due to the increased brake disc and brake pad wear.