Carbon steel is an iron-carbon alloy. Based on carbon content it is divided into:
Low-carbon steel (C < 0.25%): also called mild steel, offering excellent ductility and toughness and easy forming.
Medium-carbon steel (0.25% <= C <= 0.6%): balances strength and toughness while remaining machinable.
High-carbon steel (C > 0.6%): provides the greatest hardness and strength but lower toughness/ductility, suited to high-strength, wear-resistant tools and components.