Abstract: A method is provided for manufacturing a low carbon steel having good formability and good resistance to indentation. In this method, an ingot of low carbon steel is first hot-rolled, followed by a cold rolling of the resulting hot-rolled sheet. The cold-rolled sheet is then subjected to a first high temperature annealing to cause recrystallization and dissolution of some of the carbon contained in the steel. Next, the sheet is subjected to a second low temperature annealing to cause to dissolved carbon to precipitate as iron carbide. Finally, the sheet is work-hardened by a minor cold-rolling operation.