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Steel is an iron alloy, meaning it’s primarily composed of iron combined with one or more alloying metals to produce new materials with unique properties. What Are the Different Types Of Steel? Steel is classified by its composition: iron is fused with carbon and any number of other elements to achieve a specific end. The four main types are:Carbon steelStainless steelAlloy steelTool steelAlso Read: jnb steel vs jindal steel which is better Carbon Steel Carbon steel is unique for the notable absence of other elements in its ... more