Carbon steel is widely used in industries such as construction, machinery, automotive, shipbuilding, and petrochemicals. It is a crucial component in the development of new energy vehicles, with applications spanning multiple parts, including engines, frames, suspensions, chassis, and power batteries. Additionally, carbon steel is extensively utilized in electronics, home appliances, shipbuilding, and other sectors.
Governments worldwide have introduced various policies to promote the healthy development of the carbon steel industry. These include industrial support measures such as financial subsidies and tax incentives, aimed at reducing operational costs and enhancing competitiveness. Meanwhile, technological innovation policies encourage the industry to advance R&D, improving product quality and added value.