EQUINOX is an European project funded by the Horizon 2020 programme of the European Union. The main objective of EQUINOX is to develop a novel process that allows to substitute Cr/Ni based (stainless) steel parts used in high volume end consumer products such as in the lock industry, electronics, process industry and automotive industry with a novel near net shape production technology for a new class of highly advanced ductile Fe-Al based intermetallics. Ductility at low to medium temperatures, while maintaining good tensile strength and optimum level of residual stress will be based on a radical new production process that use abundant raw material Fe3O4 and Al2O3.