The Borel Clavietta used stainless steel reeds, as did the Guerrini Pianetta; however, I cannot find information on their ferromagnetic properties.
A discussion on Melodicaworld, titled La Clavietta Stainless Steel Reed discusses the Clavietta and Pianetta, their reeds, and how to effect a repair.
Today the Middle B note of my beautiful Clavietta stopped working. I opened it up and a tiny metal reed fell out.... [David Elizabeth, January 19, 2017 at 7:18 pm]
Other Italian melodicas (ca. 1970) ... have similar individual reed plates and reeds. [Alan Brinton, January 20, 2017 at 2:53 am]
At least some of the small Italians do not have smaller reeds than the Clavietta.... In terms of size and material, they don’t appear to be different. [Alan Brinton, January 20, 2017 at 6:56 pm]
I have a Pianetta ... with a failed reed.... A reed from a Clavietta is the best bet.... [Alan Brinton, January 21, 2017 at 12:22 am]
The reed itself should be stainless, but the reed plate is aluminum, that has been anodized. [Melodica-Me, January 30, 2017 at 6:39 am]
Here is a listing for a Borel Clavietta for sale. It specifically mentions the "Swedish stainless steel" reed type.
Reed type: Single reed plates, Stainless Swedish Steel
That listing also makes reference to the "Accordina", which is a button-controlled version of the same instrument.
Accordinas are still being made and use stainless steel reeds. For example, from the site https://www.accordina.com/:
Special Stainless Steel Reeds: Specially studied and made to measure in Italy, unalterable stainless steel reeds are mounted directly on the reed block....