SS316 grade is the second-most common form of stainless steel. It has almost the same physical and mechanical properties as 304 stainless steel, and contains a similar material make-up. The key difference is that 316 stainless steel incorporates about 2 to 3 percent molybdenum. The addition increases corrosion resistance, particularly against chlorides and other industrial solvents.
316 stainless steel is commonly used in many industrial applications involving processing chemicals, as well as high-saline environments such as coastal regions and outdoor areas where de-icing salts are common. Due to its non-reactive qualities, 316 stainless steel is also used in the manufacture of medical surgical instruments.