Cast iron and steel are both iron-carbon alloys, but they differ in composition, properties, and applications. 
Composition: Cast iron typically contains 2-4% carbon, along with silicon, manganese, sulfur, and phosphorus. Steel, on the other hand, has a lower carbon content, usually between 0.1-1.5%, and may include other alloying elements like chromium, nickel, and vanadium.
Properties: The higher carbon content in cast iron makes it more brittle and less ductile than steel. Cast iron is known for its excellent castability, machinability, and wear resistance. It has a lower melting point, which makes it easier to cast into complex shapes. Steel is stronger, more ductile, and more malleable, allowing it to be formed into various shapes through processes like rolling, forging, and welding. Steel also has better tensile strength and impact resistance.
Types: Cast iron includes gray iron, ductile iron, white iron, and malleable iron, each with distinct properties. Steel is categorized into carbon steel, alloy steel, stainless steel, and tool steel, each serving different purposes.
Applications: Cast iron is commonly used in applications where its compressive strength and wear resistance are advantageous, such as in engine blocks, pipes, and cookware. Steel's versatility makes it suitable for a wide range of applications, including construction (beams, rebar), automotive (body panels, frames), and tools (cutting instruments, machinery).
Cost: Generally, cast iron is cheaper to produce due to its lower melting point and simpler production process. Steel, while more expensive, offers superior mechanical properties and versatility.
In summary, the choice between cast iron and steel depends on the specific requirements of the application, such as strength, ductility, cost, and ease of manufacturing.