Carbon Steel Market - Global Industry Analysis and Opportunity Assessment 2015

Global Carbon Steel
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
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Description
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Carbon steel which is also known as plain carbon steel is an alloy which is manufactured
using the combination of iron and carbon. Carbon steel is also the term used to refer
steel which is not stainless steel. Carbon steel also contains other metals in extremely
small quantities. Other alloying metal used in the manufacturing of carbon steel includes
manganese, copper and silicon. The proportion of carbon is increased in the steel in
order to increase the physical properties of the product. High carbon content in the metal
increases the hardness as well as strength of the product. However, increased proportion
of carbon reduces the ductility of the product making it extremely difficult to weld. High
carbon content usually lowers the steel’s melting point and also its temperature
resistance. The carbon content in the steel varies from 0.1 to 1.5%. However, there are
steels that contain above 2% of carbon content but they are rarely used and have
extremely specific applications. Carbon steels are mainly classified as low carbon steel,
medium carbon steel and high carbon steel depending on the carbon content in the steel
alloy. Carbon steel is one of the most widely used steel alloys. Low carbon steel or mild
steel is the most common form of carbon steel used owing to its easy availability and
cheap price.
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Medium and high carbon steel is widely used in many common applications. High carbon
steel are used to manufacture a wide range of tools and equipments which includes
knives, saw blades, chains, brackets, wear parts, pneumatic drill bits, railway wheels,
shear blades, wire for structural work and jaws for vices among others.
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Carbon steel is majorly used in manufacturing a range of cutting tools owing to their
great hardness and brittleness. Carbon steel is used in sheeting and in various structural
forms owing to its amenability to tooling and wielding. Carbon steel is also used to in the
construction industry. Carbon steel is widely used in the construction of bridges. Thus,
the growing construction industry is expected to drive the growth of the carbon steel
market. Carbon steels also find applications in the automobile industry. Carbon steel is an
important material used in the manufacturing of automobiles framework. The
automobiles body is usually manufactured using carbon steel. Carbon steel is used in
manufacturing ships and rail roads.Thus, the growing automobile industry is expected to
boost the overall demand for carbon steel market.
Asia Pacific is the largest manufacturer of carbon steel. Presence of many carbon steel
manufacturers in China is expected to boost the overall demand for carbon steel market.
Asia Pacific is also the largest consumer of carbon steel. The increase in urbanization
coupled with the growing economies in the region is expected to augment the overall
demand for carbon steel in the region. Asia Pacific is followed by Europe in terms of
consumption of carbon steel. Presence of many automobile manufacturers in the region
is expected to boost the demand for carbon steel in the region.
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Curtis Steel Co., Inc., Omega Steel Company, Afarak Group, ArcelorMittal SA and
Bushwick Metals LLC are some of the participants of the global carbon steel market.
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