A type of steel in which carbon is the primary alloying element, with the level of carbon contained in a steel being one of the most important factors governing its mechanical properties. Mild steel has no more than 1.65% manganese, 0.6% silicon or 0.6% copper. Mild steel is available with varying levels of formability. The more formable grades are typically more costly than the less formable grades. Also called carbon steel.
Dropping oil prices and metal fabricating - by Dan Davis The drop in oil prices is not the end of the world, and it won't be the end of the world for the metal fabrication industry--at least for those not located in Texas, North Dakota, and western Canada.
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