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The main physical properties of steel are its dimensional stability i.e. after long
time the dimension of steel will be same as before.
These days in steel production, production engineer want to add less amount of
carbon by removing slag from molten metal bath with the help of lime. Some steel
are corrosion resistance such as stainless steel and galvanized steel.
Chemical properties of steel depend its composition, the main factor in steel is
carbon content .if carbon content is high its means steel is lesser strength & brittle
for example cast-iron. If carbon content is low such as in stainless steel, its shows
that material will have good strength.
Out of these Ni is main element of steel and it is costly and cost of steel depends on
this element quantity.
From: http://www.hkdivedi.com/2015/01/properties-of-steel-porcelainpolyethyle.html