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SAE 304 stainless steel is the most common stainless steel. It is an alloy of iron, carbon, chromium and nickel. It is an austenitic stainless steel, and is therefore not magnetic. It is less electrically and thermally conductive than carbon steel. It has a higher corrosion resistance than regular steel and is widely used because of the ease in which it is formed into various shapes. The compositi... Wikipedia