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Compared to plated iron and silicon-iron, ferritic steel is considered a more cost effective material. Designed specifically for soft magnetic components, ferritic type 430FR is known for its high electrical resistivity. This high electrical resistivity makes 430FR an excellent performer in Alternating Current (AC) based applications. The magnetic ability of ferritic steels decreases when cold-worked. Conversely, these stainless metals retain a permanent level of weak magnetism if exposed to magnetic fields.
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