Steel is an alloy primarily composed of iron and carbon. The carbon content typically ranges from 0.1% to 1.5% for most common steels - mild steel has 0.05-0.25%, medium carbon steel 0.25-0.60%, and high carbon steel 0.60-1.0%. This range covers the vast majority of commercial steel applications. Options B, C, and D represent carbon levels that would approach cast iron or exceed typical steel compositions.