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Not all steels are magnetic (stick to magnets). Austenitic stainless steels are used in non-magnetic applications such as MRI equipment. Only steels that have a significant magnetic component in their composition are attracted to magnets These components are ferrite and/or martensite.As to why these components are attracted by magnets requires an understanding of the atomic structure of the iron atoms contained in the steel. At the simplest levels there is a magnetic field associated with all electrons. In iron these electrons can align themselves with a local stronger magnetic field and exhibit mutual attraction.

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