Monel K500 features excellent mechanical properties such as high strength, corrosion resistance and non-magnetic properties, apart from sharing the same corrosion resistance of Monel 400. The alloy can be used as pump shaft material, suitable for working under harsh geological conditions of high sulfur and high wax oil layers.

Since Monel K500 has no plastic-brittle transition temperature, it is very suitable for various cryogenic equipment. It is mainly used for pump shafts and valve stems, conveyor scrapers, oil well drill rings, elastic parts, valve pads and so on, and suitable for petroleum, chemical, shipbuilding, pharmaceutical, and electronic sectors.