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Even CHEAP (Chinese) stainless is at best, very mildly attracted by a magnet. These casings are advertised as being able to be picked up by a magnet for ease of retrieval. Gotta be pretty high iron content, and low low low on everything else for that to work.
Chromium and nickel are the two primary add ins to make steal stainless. And from my exp, "stainless" steal that can be picked up by a magnet...rusts like any old piece of iron. And the things that don't rust, like my pocket knife, or the internals of a saltwater marine motor...are not affect by a magnet hardly at all.
I am dubious.
Magnetic Response
Magnetic response is the attraction of steel to a magnet. Austenitic grades are generally not magnetic although a magnetic response can be induced in the low austenitic grades by cold working. High nickel grades like 316 and 310 will remain non-magnetic even with cold working.
All other grades are magnetic.
Austenitic Stainless Steels
Austenitic stainless steels contain a minimum of 16% chromium and 6% nickel. They range from basic grades like 304 through to super austenitics such as 904L and 6% Molybdenum grades.
By adding elements such as Molybdenum, Titanium or Copper, the properties of the steel can be modified.
Ferritic Stainless Steels
Ferritic stainless steels include grades like 430 and contain only chromium as a major alloying element. The quantity of chromium present ranges from 10.5 to 18%.
Ferritic stainless steels are magnetic. They are also not susceptible to stress corrosion cracking.
Martensitic Stainless Steels
High carbon and lower chromium content are the distinguishing features of martensitic stainless steels when compared with ferritic stainless.
Martensitic stainless steels include 410 and 416. Hardened martensitic steels cannot be successfully cold formed. They are magnetic, have moderate corrosion resistance and poor weldability.
Duplex Stainless Steels
Duplex stainless steels have high chromium and low nickel contents. This gives duplex stainless steels microstructures that include both austenitic and ferritic phases. They include alloys like 2304 and 2205. These alloys are so named due to their respective compositions - 23% chromium, 4% nickel and 22% chromium, 5% nickel.
By having both austenite and ferrite in the microstructure, duplex stainless steels feature properties of both classes. Although a compromise between the two ‘pure’ types, duplex grades can offer some unique property solutions. Duplex grades are resistant to stress corrosion cracking, but not to the same level as ferritic grades.
Precipitation Hardening Grades
Precipitation hardening grades contain both Chromium and Nickel. They develop very high tensile strengths with heat treatment. Precipitation hardening grades are usually supplied in a “solution treated” condition that allows the steel to be machined. After machining or forming, the steel can be aged in a low temperature heat treatment process. As the heat treatment is performed at low temperatures, no distortion is induced in the work piece.
630 is the most common precipitation hardening grade This grade is also known as 17-4 PH due to a composition of 17% chromium, 4% nickel, 4% copper and 0.3% niobium.
Stainless Steel - General Information - St St Introduction