Stainless steel refers to alloy steels with more than 10.5% of chromium and consists of several groups like austenitic, ferritic, martensitic etc. Austenitic stainless steel is normally used in structural applications because of its high corrosion resistance. Austenitic and ferritic types of stainless steel cover about 95% of stainless steel applications. Stainless steel is not stainless although it is corrosion resistant under a wide range of conditions.