The inherent corrosion resistance of  stainless steels is derived from alloying the base iron with chromium. BS EN  10088-1 states that a steel must have a minimum of 10.5% (by weight) chromium  and a maximum of 1.2% carbon to be classified as 'stainless'.
    Other  alloying elements including nickel, molybdenum, nitrogen, titanium (or niobium)  are added to form the various grades. These additions are made to enhance the  'basic' corrosion resistance of the steel but can also usefully modify other  properties, such as formability, strength and cryogenic toughness.
The corrosion resistance of  stainless steel arises from a 'passive', chromium-rich, oxide film that forms  naturally on the surface of the steel. Although extremely thin at 1-5  nanometres (i.e. 1-5 x 10-9 metres)  thick, this protective film is strongly adherent, and chemically stable (i.e.  passive) under conditions which provide sufficient oxygen to the surface. This  'normal' condition is the passive state.
The  key to the durability of the corrosion resistance of stainless steels is that  if the film is damaged it will normally self repair (provided there is  sufficient oxygen available). However, under certain conditions, the passive  state can be broken down, resulting in corrosive attack.If damaged, the film  will normally repair itself. If the film is destroyed the surface is said to be  in the active state.
 
 
Source: http://www.bssa.org.uk/
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