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The Global Steel Industry

Steel represents one of the world's most important industrial commodities, with global production exceeding 1.9 billion tons annually and market values reaching $1.3 trillion by 2032. This essential material forms the backbone of construction, automotive, shipbuilding, and manufacturing industries worldwide, making steel trading a critical component of international commerce.

The Global Steel Industry — Layout

Steel Classification and Types

Carbon Steel Categories

Low Carbon Steel (Mild Steel):

  • Carbon Content: 0.05-0.30%
  • Applications: Construction, automotive bodies, general fabrication
  • Properties: Excellent weldability, high ductility, easy forming
  • Market Share: Largest segment due to widespread applications

Medium Carbon Steel:

  • Carbon Content: 0.30-0.60%
  • Applications: Machinery components, axles, gears
  • Properties: Balanced strength and ductility
  • Heat Treatment: Responsive to hardening processes

High Carbon Steel:

  • Carbon Content: 0.60-2.00%
  • Applications: Tools, springs, cutting instruments
  • Properties: Maximum hardness and wear resistance
  • Specialized Uses: Premium applications requiring durability

Alloy Steel Specifications

Alloy steels incorporate additional elements for enhanced properties:

  • Chromium: Increased hardness and corrosion resistance
  • Nickel: Improved toughness and strength
  • Molybdenum: High-temperature stability
  • Vanadium: Grain refinement and wear resistance
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