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Grade 316 is the standard molybdenum-bearing grade, second in importance to 304 amongst the austenitic stainless steels. The molybdenum gives 316 better overall corrosion resistant properties than Grade 304, particularly higher resistance to pitting and crevice corrosion in chloride environments.rade 316 is the standard molybdenum-bearing grade, second in importance to 304 amongst the austenitic stainless steels. The molybdenum gives 316 better overall corrosion resistant properties than Grade 304, particularly higher resistance to pitting and crevice corrosion in chloride environments.
Type 316 is the main stainless used in the marine environment, with the exception of fasteners and other items where strength and wear resistance are needed, then Type 304 (18-8) is typically used. Type Analysis of Stainless Type 316: Carbon 0.08% max.Silicon 1.00% max. Manganese 2.00% max.8-8: 300 series stainless steel having approximately (not exactly) 18% chromium and 8% nickel. The term 18-8 is used interchangeably to characterize fittings made of 302, 302HQ, 303, 304, 305, 384, XM7, and other variables of these grades with close chemical compositions.