The steel industry has an estimated $900 billion turnover, making it the second largest industry in the world after oil and gas. Steel is used in almost every industry, including energy, construction and housing (the largest consumer of steel), automotive and transportation, infrastructure, packing, and machinery.
Steel is an alloy of iron and carbon containing less than 2% carbon and 1% manganese and small amounts of silicon, phosphorus, sulphur and oxygen. Steel is the world’s most important engineering and construction material.
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