A wide range of customers will keep an eye on this category as steel ingots are indispensable and necessary for various industries functioning.
Steel is a metal alloy of iron, carbon and other elements. As a rule, high-quality steel contains not more than 2.14% carbon. Carbon is added to iron for giving strength. It lowers the iron ductility and makes it resistant to external influences. Steel contains at least 45% iron. Besides iron and carbon, steel ingots may contain other alloying elements. By chemical composition, steels are divided into carbonaceous and alloyed.
In 2017, the global steel manufacturing was 1,689 million tons. The leadership belongs to China with its 831.7 million tons of steel. Based on information for 2017, among the major manufacturers we can find Japan - 104.7, India - 101.4, USA - 81.6, Russia - 71.3, and South Korea - 70.1 million tons.
Steel has a complex classification and marking. A certain type and steel grade has its application area. Ingots made from carbon tool steel of various grades are used for different tools and parts production. Alloy steel ingots are used in construction, mechanical engineering, instrument making, and even in medicine.
Suppliers from China, Germany, Ukraine, and South America offer steel bars at an average price of $1000-1500 per ton. The minimum order depends on the type of steel ingots and prices starting from 1 piece or 1 ton. Most listings in this category have a detailed description of the ingots chemical composition with the steel grade indication to meet customer needs.
