I have some stellite bar (~8mm dia x 50mm) that is used for the spindle (pivot) for turbocharger wastegate valves. Looks just like stainless steel and has been machined (diamond tool IIIRC). The actuator arm and the wastegate itself are welded to each end once it's been inserted into the turbine housing.
![Stellite bar Stellite bar](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
It's good for operation (dry!) at >800C with nasty shock loads. Most steels don't last long under those conditions. I'd like to know what other application it might have ie in the workshop.
Yes, that's a chocolate Shreddie for scale.