What is the (balanced) chemical equation for steel?
Steel is about 5% carbon and about 89 % iron, the rest is impurities of all sorts That is considered low carbon steel There are precise formulas for other steels like High Speed Steel, High Tensile low carbon, and thousands of other steels. Specialty steels are a big business item with thousand of tons sold each year for specialty applications.
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I hate to differ but I must. Steel is a mixture of iron and carbon but the carbon content ranges from a small fraction of a percent to no more than 2%. Stainless steel is an alloy of Iron and up to 15% or so of other metals but since there are several types and many varieties in each type it's hardly worth getting into. A good common hardenable high-carbon spring steel is AISI 1095. In this code the 95 refers to 0.95% carbon. When the carbon level goes up to 1.5% to 2% the steel is very brittle and black with the highest carbon steel being pretty much pig-iron.
