Ferritic stainless steel
Ferritic stainless steels generally have better engineering properties than austenitic grades, but have reduced corrosion resistance, because of the lower chromium and nickel content.
They are also usually less expensive. Ferritic stainless steels have a body-centered cubic crystal system and contain between 10.5% and 27% chromium with very little nickel, if any, but some types can contain lead. Most compositions include molybdenum; some, aluminium or titanium.
Common ferritic grades include 18Cr-2Mo, 26Cr-1Mo, 29Cr-4Mo, and 29Cr-4Mo-2Ni. These alloys can be degraded by the presence of sigma chromium, an intermetallic phase which can precipitate upon welding. (Wikipedia)