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Based on the chemical compositions, Steel can be categorized into four basic
groups:
Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel
1. CARBON STEEL: Carbon steel is the most utilized steel in the industries and
accounts for more than 90% of the total steel production. Based on the carbon
content, Carbon steels are further classified into three groups.
4. TOOL STEEL: Tool steels have high carbon content (0.5% to 1.5%). Higher
carbon content provides higher hardness and strength. These steels are mostly
used to make tools and dies. Tool steel contains various amounts of tungsten,
cobalt, molybdenum, and vanadium to increase the heat and wear resistance
and durability of the metal. This makes tool steels very ideal for using as cutting
and drilling tools.