SAE 304 stainless steel SAE 304 stainless steel SAE 304 stainless steel is the most common stainless steel. The steel contains both chromium (between 18–20%) and nickel (between 8–10.5%) metals as the main non-iron constituents. It is an austenitic stainless steel. It is less electrically and thermally conductive than carbon steel and is essentially non-magnetic. 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 composition was developed by W. H. Hatfield at Firth-Vickers in 1924 and was marketed under the trade name “Staybrite 18/8”. It is specified
Stainless steel in London in 1929. Brearley applied for a US patent during 1915 only to find that Haynes had already registered a patent. Brearley and Haynes pooled their funding and with a group of investors formed the American Stainless Steel Corporation, with headquarters in Pittsburgh, Pennsylvania. In the beginning, stainless steel was sold in the US under different brand names like "Allegheny metal" and "Nirosta steel". Even within the metallurgy industry the eventual name remained unsettled; in 1921 one trade journal was calling it "unstainable steel". In 1929, before the Great Depression hit, over 25,000 tons of stainless steel were manufactured