HSLA steel is a type of alloy steel that provides better mechanical properties and greater resistance to corrosion than carbon steel. It has high yield strength, is ductile and machinable, light in weight, and has high corrosion resistance. HSLA steel is used in automobiles, trucks, bridges, and other structures that experience high stress due to its ability to handle large amounts of stress while being 20-30% lighter than carbon steel of the same strength. Small amounts of elements like manganese, copper, and niobium are added to HSLA steel for strengthening purposes.