Please excuse my ignorance but I am assuming that 'pyro' is the same as this stuff:
http://en.wikipedia.org/wiki/Mineral-insulated_copper-clad_cable[/QUOTE]
Yes, as Spark123 says it's short for Pyrotenax which is one manufacturer's name for it. MICC and Pyro go together in much the same way as vacuum cleaner and Hoover.
Again, sorry if I sound stupid, but if a length of this stuff was bent sharply around a corner, wouldn't the internal conductors be likely to come into contact. I am assuming that the insulating material inside, being a powder, may not remain between the conductors.
It's packed very, very tightly. It actually starts life as a large diameter short copper pipe into which they place thick copper bars and pack it with the white powder. It's then squashed/drawn down until it ends up as a long, small diameter cable - and in the process the powder is packed "quite tightly" (tight enough to squash the cores out as it's drawn).
Very similar to the way they make sticks of rock.
It has to be stored and terminated properly. If open ends are left exposed then it absorbs moisture and the insulation fails - and the same if the sheath gets perforated. Apart form being relatively small and robust, it's also rated for much higher temperatures than the various rubber/plastic insulated cables - which is why it's is still often used for fire alarm installations (though these days there are some high temperature plastic insulated cables which are commonly used as they are easier (= cheap

) to work with. As an apprentice, we had demonstrated a piece hooked up to a transformer to get it glowing bright red - it went very flexible (nicely annealed) but was still intact and would have outlived the bells it might have been feeding in an alarm system.
I recall doing a few ends as an apprentice, but haven't had the opportunity to use it since.