Circlips are often referred to as retaining rings, and are used to hold objects in place while still allowing rotational movement.
Circlips tend to come in two types: internal, and external. External circlips fit around a barrel, and internal circlips fit inside a shaft.
Standards: DIN 471
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A general purpose stainless steel which strikes a good balance between corrosion-resistance and cost.
Often referred to as 'marine grade' stainless steel due to it's excellent anti-corrosion properties, making it great for saltwater resistance.