Stainless steel is an iron alloy containing chromium that gives it excellent corrosion resistance. There are five families of stainless steel including ferritic, martensitic, precipitation hardening, austenitic, and duplex. Stainless steel has properties such as corrosion resistance, high tensile strength, durability, temperature resistance, easy formability, and low maintenance. It finds applications in automotive components, buildings, chemical plants, ships, transportation and more due to these properties.