Alloy Steel Market to Gain Traction Owing to Increasing Demand from Automotive Industry

The alloy steel market involves production of specialty steels that contain specific chemical compositions or have specific mineral properties that impart enhanced metallurgical properties, such as high strength, machinability, abrasion resistance, corrosion resistance and weldability. Alloy steel finds wide application in construction, automobile, shipbuilding and infrastructure industries owing to its superior mechanical properties and stress corrosion resistance.

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