Austenitic stainless steel is a type of stainless steel known for its high corrosion resistance and excellent formability. It primarily contains iron, chromium, and nickel, which contribute to its unique properties. This steel is non-magnetic and can withstand extreme temperatures, making it suitable for various applications, including kitchen equipment and chemical processing. One of the most common grades of austenitic stainless steel is 304, which is widely used due to its balance of strength and corrosion resistance. Another popular grade is 316, which contains molybdenum for enhanced resistance to chlorides. These characteristics make austenitic stainless steel a preferred choice in many industries.