An Alloy of carbon and steel with high proportion of carbon is intrinsic to the manufacture of carbon steel. Presence of carbon in carbon steel gives the property of tensile strength which attributes hardness to the product. Manganese, Copper and silicon in meager quantities complete the alloy formation. The drivers to the market include wide applications that the quality of brittleness and hardness, in coming to the aid of carbon steel help in manufacture of a wide range of tools including hacksaw blades, knives, chains, brackets, braces, rail parts and shear blades.
Its ductile property lends its usefulness in sheeting and in various structural forms and owing to its malleability it finds wide application in precision engineering such as tool and die-making and wielding. Carbon Steel is extensively used in construction of girders and suspensions for bridges. Carbon Steel is the material of use in automobile bodies and framework design by the nature of its constituent elements giving it desired properties of tensile strength, ductility and malleability. Furthermore carbon alloy metal is used in ship building and constructing rail roads.
The limitations owing to its ductility impede the carbon metal alloy from use in welding purposes. Segmentation of carbon alloy steel by type includes alloy steel, stainless steel and carbon steel. By shape, market is divided into flat steel, long steel and tubular steel. By end-user, market is diversified into ship-building, infrastructure and transport, automotive and construction. By region, carbon steel market includes North America, Europe, Asia Pacific, MEA, and Latin America.
Asia Pacific is leading the market with China being the major producer and consumer in the run up to the market with Europe playing second fiddle in the consumption of carbon steel. Presence of automobile heavy weights such as Mercedez, Chevrolet and Volkswagen is anticipated to drive the carbon steel market in the future. Ship building industry and rail road constructions need carbon steel as the major requirement and are rapidly charting strong growth for the industry. Steel in its fundamental implementation comprises low carbon steel or mild steel owing to low cost and high availability.
Global urbanization has contributed to the carbon steel market due to presence of emerging economies world over. Key industry players include Curtis Steel Co Inc., Omega steel Co., Afarak Group, Arcelor Mittal SA, Bushwick Metal LLC.
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