In the past few decades, tremendous attention has been devoted to enhancing the activity of oxygen evolution reaction (OER) catalysts for hydrogen production, while the cost and long-term stability of catalysts, which can play an even more important role in industrialization, have been much less emphasized. Herein, we engineered an OER electrode from abundant stainless steel (SS) via facile approaches, and the obtained electrode consists of a Ni-rich oxide surface layer with a Fe-rich metal substrate. An outstanding activity was observed with an overpotential of 316 mV at 100 mA cm⁻² in 1 M KOH electrolyte. Additionally, an electrode self-replenishing concept is proposed in which a Ni-rich catalyst layer can be regenerated from a metallic substrate due to the difference in diffusion and dissolution rates of metal oxides/hydroxides, and this regeneration is validated by various characterizations. A recorded degradation rate of 0.012 was observed at 1000 mA cm⁻² for 1000 h. The facile engineering of OER electrodes from SS combined with the self-replenishing catalyst can potentially address the cost, activity, and long-term stability barriers.