Posted by dmkp on Friday, February 22, 2013 at 3:59pm.
I suggest you review the definition of Poisson's ratio at
http://www.engineeringtoolbox.com/poissons-ratio-d_1224.html
It is the ratio of the transverse strain to the longitudinal strain, with a minus sign stuck on. If a material gets stretched in uniaxial tension, it simultaneously gets thinner in the two perpendicular directions.
In your case, the strain along the direction of the applied tensile force is
dL/L = Stress/E = 3*10^5/200*10^9
= 1.6^10^-6
For mild steel, the dimensionless strain contraction in width is 0.31 times that number, or 4.65*10^-7.
That gets multiplied by 10 mm for the actual width reduction: 4.65*10^-6 mm
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