The martensitic structure and the presence of iron in the alloy endow it with magnetic properties. This magnetic property can be beneficial in certain applications that require magnetic attraction. Excellent High Temperature Oxidation Resistance: It is able to withstand high temperatures without significant corrosion or oxidation. This excellent oxidation resistance is particularly beneficial for a variety of applications, including automotive components, furnace components and heat exchangers. Enhanced Physical and Mechanical Properties: The improved physical and mechanical properties of 400 series stainless steels make them ideal for applications where strength, durability and wear resistance are critical. These enhanced properties contribute to superior performance and extended life.