Nickel futures on the LME rose for two days in a row, closing yesterday at $21,945/t.
Carbon steel is an alloy of carbon and iron with up to 2.1% carbon by mass. Increasing the carbon content increases the hardness and strength of steel, but reduces ductility. Carbon steel has good properties in terms of hardness and strength and is cheaper than other steels.
Carbon cold rolled coils and strips are produced using an adaptable production process and are widely used in automobiles, washing machines, refrigerators, electrical appliances and steel office equipment. By varying the percentage of carbon steel, it is possible to produce steel with different properties. Generally, a higher carbon content in steel makes the steel harder, more brittle, and less ductile.