Take a look at...
ASTM A682 Standard Specification for Steel, Strip, High-Carbon, Cold-Rolled, Spring Quality, General Requirements for
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NOW, just to be clear...
WHY, explicitly, does the spring have to be ferrous within an electrical component...? Need magnetic properties for a 'non-contact proximity sensor'?
Are You intending to 'blank/stamp-out' the part from 'thin strip' material?
A thin/small carbon-steel leaf-spring will have-to-have a very high quality mechanical finish on all surfaces and edges [radius/polish edges to eliminate shear-blanking burrs] to avoid cracking if a high-# of open-close cycles are expected.
With rare exceptions You will have to apply a finish to the steel spring to mitigate corrosion... which could induce premature cracking... even if it is just 'blackened/oiled' or flash-plated.
There ARE magnetic CRES and [non-magnetic] nonferrous spring materials which are more commonly used within EE-assys... they won't work because...?
Regards, Wil Taylor
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