Carbon Steel Market Overview:

An iron and carbon alloy is used to make carbon steel, a type of steel. It is more enduring than stainless steel, has a lower melting point of 1425 to 1510 degrees Celsius, and a higher carbon content of 0.05% to 3.8% by weight. For large-scale industrial applications like marine structures, power plants, transportation, chemical processing, and the extraction and refining of petroleum, carbon steel is the most widely used engineering and construction material. High tensile strength and hardness are characteristics of carbon steel, but it is more susceptible to corrosion than stainless steel. This report on the global carbon steel market is segmented based on things like type, application, and region.

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Carbon Steel Market Scope:

The study employs PESTLE analysis to evaluate the benefits and drawbacks of significant market participants. In order to forecast the market and offer investment guidance, the researcher carefully examines the size, share, trend, total profit, total revenue, and profit margin of the Carbon Steel market. advice on market changes from subject-matter experts.

Along with data on capacity and production, price and cost information, company profiles, product images, specifications, and contact details, the report also contains information on the major market participants. The trends, size, and value of the Carbon Steel market are examined at the global, regional, and corporate levels in this report. This study analyses the size of the global market for Carbon Steel using historical data and forecasts for the future.

Carbon Steel Market Segmentation:

In terms of volume, the Low-carbon steel market segment dominated in 2020, accounting for about 91% of the total Carbon Steel Market. The density of this steel is 7.85 g/cm3, and its Young's modulus is 200 GPa (Grade Point Average).

The most common type of steel is mild steel, also known as plain-carbon steel and low-carbon steel, which is an iron with a small proportion of carbon, robust, but difficult to temper. It is popular because it is inexpensive and can be used for a variety of applications. Because it contains between 0.05 and 0.30 percent carbon, this steel is ductile and malleable. Although this steel has a low tensile strength, it is cheap, easy to shape, and can be carburized to increase surface hardness.

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Carbon Steel Market Key players:

Nippon Steel Corporation
Baosteel Group
Curtis Steel Co., Inc
Bushwick Metals LLC
ArcelorMittal SA,
Omega Steel Company
Afarak Group
HBIS Group
POSCO
COVID-19 Impact on Carbon Steel market:

The COVID-19 pandemic has impacted negatively on the Carbon Steel Market. In the first half of 2020, global crude steel production fell by 5.4% compared to the same time the previous year. As per the WorldSteel Association, in comparison to the first half of 2019, crude steel production in the Middle East (-0.5%), Asia (-2.3%), Pacific (-3.3%), the CIS (-4.1%), and Other Europe (-6.3%) appeared to be more resilient in the first half of 2020. On the other hand, steel output decreased dramatically in the European Union (-17.9%), North America (-17.6%), South America (-19.9%), and Africa (-20.9%).

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