316 stainless steel is a type of stainless steel known for its excellent corrosion resistance, particularly against chlorides and marine environments. It contains molybdenum, which enhances its durability and makes it suitable for various applications, including chemical processing, marine equipment, and medical devices. This alloy is part of the austenitic stainless steel family, which is characterized by its non-magnetic properties and good weldability. 316 stainless steel is often used in environments where exposure to harsh chemicals or saltwater is common, making it a popular choice in industries such as food processing and pharmaceuticals.