It's made correctly and is as described. Unfortunately, like so many "value" products today it is made from low grade stainless steel. It is magnetic which means it is ferritic not austenitic which means it may eventually corrode.
I paid 19.99 when I purchased it which I was prepared to pay just to get my sink installed. I see it has now been raised to 27.99 which is far too expensive for a mass produced plastic and ferritic steel item like this.
I rate it at 3 stars not lower because it is what it is. If you want something that you'll never have to replace then spend more money.
(If the product page stated the grade of stainless steel then I would have still purchased but left a 5 star review).