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* Mild (low carbon) steel: approximately 0.05-0.15% carbon content for low carbon steel and 0.16-0.29% carbon content for mild steel (e.g. AISI 1018 steel). Mild steel has a relatively low tensile strength, but it is cheap and malleable; surface hardness can be increased through carburizing. * Medium carbon steel: approximately 0.30-0.59% carbon content(e.g. AISI 1040 steel). Balances ductility and strength and has good wear resistance; used for large parts, forging and automotive components. * High carbon steel: approximately 0.6-0.99% carbon content. Very strong, used for springs and high-strength wires. * Ultra-high carbon steel: approximately 1.0-2.0% carbon content. Steels that can be tempered to great hardness. Used for special purposes like (non-industrial-purpose) knives, axles or punches. Most steels with more than 1.2% carbon content are made using powder Metallurgy and usually fall in the category of high alloy carbon steels.

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Q: How much percentage of carbon makes it high carbon or medium carbon or low carbon HC MC LC in a ferro-alloy?
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