316 stainless steel, also known as marine grade stainless or A4 stainless, is well-known for its increased resistance to corrosion and its superb abilities in salt-water and marine applications. While it comes with the same physical properties as 304 as well as similar utilitarian functions, the big difference is the incorporation of molybdenum, generally ranging from 2-3% by composition (although some specialty 300-series stainless steels can contain up to 7-8% molybdenum).

316 stainless steel is generally used whenever chemical process and high-salinity environments warrant chloride-resistant features and due to its non-reactive traits, is also widely used in the manufacture of medical & surgical equipment.