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While both carbon steel and stainless steel contain iron which oxidises when exposed to the environment the added chromium in stainless steel makes it more corrosion resistant.
The chromium in stainless steel attaches itself to oxygen more readily than iron, creating a thin, stable film known as a chromium oxide layer.
This film protects the material by acting as a barrier that limits the amount of oxygen and water that can pass through to the underlying metal surface. If it is damaged, either mechanically or chemically, the film is self-healing.
Common steel does not have as much chromium content, which means it reacts with oxygen and allows it to bond with the iron, resulting in iron oxide (rust).
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