Nah Squid. It works WAY different. It comes down to standardization,or more to the point the differences and/or lack thereof.
In the US it´s known as SAE(mainly as there´s NAS/AN too). In Italy it´s called CUNA,in germany DIN asf asf...and in Sweden it was called SIS(swedish industrial standard) at one time.
Since the advent of the EEC a common european standard has been adopted. However,around here-this country being world reknown for it´s knowledge of metals,many many still refer to the old SIS standard in day to day use. Our knowledge of metals is to the point where the EEC standards hasn´t really caught up as of yet as many "tailored" and special metals are available that simply isn´t even within the frame of what the EEC stands for.
Only european company that´s anywhere near what can be had here is germanys Thussen special steels...but they still lack vs what can be had localy. Hence...
Examples are;
Alumec-which is a tool room very very hardcore aerospace aluminium which from many respects exceeds titanium. Cheaper too.
JM metals-which are bearing bronze ones that are about as hardcore as they come.Expensive to say the least.
Uddeholm steels-many of which are highly specialized-or tailored for a given task/purpose.
There are many many more though....
Simple truth is that within many specialized fields you guys across the atlantic simply don´t have materials that correspond to what can be had around here.
Further SIS puts down VERY VERY narrow lines for what is accepted as far as deviations for given steels asf. Take something as simple as a "grade X" american bolt.The actual,practical,strenght can vary quite a bit. Not so for a given swedish made one. A 12.9 classed bolt will meet a minimum of what is stated in a reference guide known as "Karlebo handbook". To this day swedish manufacturers of fasteners in general take pride in doing so.
Only thing close to a swedish made 12.9 by US standards will be NAS/AN classed,however the 12.9 is WAY cheaper.
So...long story,but SIS 1650 is in essence a ferrous steel that can be hardened for specialized use.IOW no stainless in sight.
SIS1650 can be surface finished basicaly any way you wish. " Gold" plating included. How various finishes will affect the given material is also stated in the "Karlebo Handbook",be it anodizing,electroplating,painting or whatever. Down to how many micros thick various finishes will and that for various finishes in turn.
In short?
WE´re spoiled rotten as engineers around here...