D_TEXTBLOCK_TEXT Austenitic stainless steel is an alloy consisting of 16-18% chromium, 10-14% <HL Topic=Nickel.sub>NICKEL</HL>, 2-3% <HL Topic=Molybdenum.tpc>MOLYBDENUM</HL>, and the rest <HL Topic=Iron.sub>IRON</HL>. It is corrosion-resistant, and heat-resistant, so it is often used in the processing equipment for the oil, chemical, and paper industries.