Mild steel, or low carbon steel, is known for its versatility, affordability, hardness, and ductility. Composed mainly of iron and 0.05%-0.25% carbon, it's produced via hot rolling using the Bessemer process or electric arc furnace (EAF) method. Its strength, ductility, and weldability make it suitable for industries like construction, automotive, and manufacturing where it can be found in beams, car bodies, machinery, furniture, and infrastructure components.