Stainless steel the late 1890s, Hans Goldschmidt of Germany developed an aluminothermic (thermite) process for producing carbon-free chromium. Between 1904 and 1911 several researchers, particularly Leon Guillet of France, prepared alloys that would today be considered stainless steel. In 1908, Friedrich Krupp Germaniawerft built the 366-ton sailing yacht "Germania" featuring a chrome-nickel steel hull in Germany. In 1911, Philip Monnartz reported on the relationship between chromium content and corrosion resistance. On 17 October 1912, Krupp engineers Benno Strauss and Eduard Maurer patented austenitic stainless steel as Nirosta. Similar developments were taking place contemporaneously in the United States, where Christian Dantsizen and Frederick
SAE 904L stainless steel systems. In 1985 Rolex became the first wristwatch manufacturer to utilize 904L grade steel in its watches. Rolex chose to use this variety of steel because it takes a higher polish than other grades of steel and provides greater corrosion resistance, though it does not machine as well and requires specialized equipment to be properly modified into the required shapes. SAE 904L stainless steel 904L is an austenitic stainless steel. In comparison to 316L, its molybdenum addition gives it superior resistance to localized attack (pitting and crevice corrosion) by chlorides and greater resistance reducing acids and in particular its copper