Product review (4 stars): Bonds well!
This stuff works great on our dishwasher trays.  The only downside is it will get harder and harder to use the longer it sits in between uses.  However, I'm willing to continue to buy it with how great it is.  It's thick and holds onto rusted spots well.  Has kept my trays and inside of my dishwasher looking like new.  Would definitely recommend!