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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.
The most common form of 304 stainless steel is 18-8, or 18/8, stainless steel, which contains 18 percent chromium and 8 percent nickel. 316 Stainless Steel 316 grade is the second-most common form of stainless steel.he two most common stainless steel grades are 304 and 316. Corrosion is a natural phenomenon. Pure elements, such as iron, inherently react with surrounding environments. In fact, very few elements can be found naturally in their pure formâgold, silver, copper and platinum being some of the few examples.