Pink Slips all round...
Dear god, not using aerospace grade materials in a frigging rocket??? All those who provided the signatures to sign off on that should be receiving their pink slip immediately. The quality person who signed should be the first one out the door!
There are reasons you use aerospace grade material. It might cost the earth, but you can guarantee that the material properties wont be the reason for failure (failures due to design (undersizing, messing up your stress analysis, etc) are another matter entirely). We dont use it in aerospace because we like giving money to the metal manufacturers. Sheesh!
Trying to save a few dollars by skimming on the materials - it ALWAYS bites you on the a$$...