Monel is a solid-solution binary alloy. As nickel and copper are mutually soluble in all proportions, it is a single-phase alloy. Compared to steel, Monel is very difficult to machine as it work-hardens very quickly. It needs to be turned and worked at slow speeds and low feed rates. It is resistant to corrosion and acids, and some alloys can withstand a fire in pure oxygen. It is commonly used in applications with highly corrosive conditions. Small additions of aluminium and titanium form an alloy (K-500) with the same corrosion resistance but with much greater strength due to gamma prime formation on aging. Monel is typically much more expensive than stainless steel.