201 stainless steel is an austenitic chromium-manganese-nickel alloy, often classified as a "nickel-saving" steel due to its lower nickel content compared to grades like 304 or 316. It contains approximately 16-18% chromium, 3.5-5.5% manganese, 1% silicon, 0.15% carbon, and 0.8-1.5% nickel. This composition makes it a cost-effective alternative to higher-nickel grades while maintaining good formability and strength.
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