the comparison needed between other steel
BECAUSE IT HAS HIGH STRENGTH. IT HAS HIGH TOUGHNESS IT HAS LOW PERCENTAGE OF CARBON 0.05% TO 0.30% CAN BE USED AS GEARS,CRANKSHAFT
It's cheaper than alloyed steels.
*Mild steel is ductile and can be easily machined. Generation of heat is less than that of steel machining.So, the tool can have better life and you can do more machining. Cost factor is of prime importance as other steel are more costly than Mild steel. Mild steel, a grade of steel that does not harden when heated and chilled with cold water, so further machining can be easy. Mild steel is easily available.You will find it in your scrape yard. No need to change the tool repeatedly and no special tools are required for machining. Above is the comparisation between alloy steel,SS and superalloys. Cutting speed and feed does not required special skills.