With prices for metal resources such as nickel and molybdenum soaring, there is a heightened sense of crisis concerning resource scarcity. While Type304, the most common stainless steel, offers excellent corrosion resistance, its price is affected significantly by the cost of nickel because of its 8% nickel content. The stainless steel that has the same corrosion resistance as that of Type304 and does not contain nickel and molybdenum has been required. JFE Steel Corporation has developed a new 21%Cr-0.4%Cu stainless steel, the world’s first ferritic stainless steel, which offers equivalent corrosion resistance to Type304 while containing absolutely no nickel or molybdenum, two rare metals. The newly developed steel contains 21% chromium with the addition of 0.4% copper. The development of the steel is based on a new discovery that the passive films of stainless steels could be strengthened by the synergy effect of high chromium content and copper addition. Copper addition enriches the chromium content in passive films after field exposure. Newly developed 21%Cr-0.4%Cu stainless steel is adopted for many applications as a substitution for Type304, including commercial kitchenware, building materials and industrial machinery. The steel is expected to be a new standard of a ferritic stainless steel as a substitution for Type304.