http://www.eng-tips.com/viewthread.cfm?qid=324397
Another treasure trove of digestible reading material...
http://en.wikipedia.org/wiki/Purified_water

Another treasure trove of digestible reading material...
I was responsible for the manufacture of M42 high speed steel at Crucible Materials Corporation for 10 years, and handled many different types of customer complaints and application issues. I never had a customer complain about corrosion issues with this grade, either during manufacturing or in application. This makes me wonder if you are exposing the material to chlorine during the manufacturing process. Are you mixing your own cutting fluids? Are you using city water for this purpose? During the summer months, municipalities often spike their water supplies with chlorine in order to kill bacteria that can otherwsie grow and spread disease. If you don't actively filter this excess chlorine out of the water (using charcoal filtration for example) before using it to mix your cutting fluids for machining, it will expose the M42 to a known corrosion agent.
Maui
Hebe7671
Ok, I did a few trial runs of washing the parts in DI water afrer the machining operations and found that it greatly reduced, but did not completly eliminate, the corrosion issue. With the DI water, there was no flash rust but after a few hours a few small spots of rust could be seen.
http://en.wikipedia.org/wiki/Purified_water