Thank you for viewing. The chain appears to be slightly extended in the image if you slowly retract it, but it retracts properly during normal use. KEY-BAK Carabiner Key Reel, Stainless Steel Wire One used item. Used for about a month. It was a bit too large for me, so I'm selling it. ★Product Description★ Material: Stainless steel, Iron Brand: KEY BAK Style: With carabiner Shape: Round Thank you.