This document discusses steel, including its composition, types based on carbon content, physical properties, and factors affecting properties. It describes mild steel as containing 0.15-0.25% carbon and being very ductile, malleable, and elastic. Medium carbon steel contains 0.25-0.70% carbon and is used for tools and machinery. High carbon steel has 0.70-1.5% carbon and is tougher, stronger, and resists corrosion. The physical properties of steel include high strength-to-weight ratio, dimensional stability, conductivity, durability, and recyclability. Carbon content, impurities, heat treatment processes affect the properties of steel.