Austenitic stainless steel is a type of stainless steel known for its high corrosion resistance and excellent formability. It contains a high percentage of chromium and nickel, which contribute to its durability and ability to withstand harsh environments. This steel is non-magnetic and can be easily welded, making it a popular choice in various industries, including food processing and chemical manufacturing. Common grades of austenitic stainless steel include 304 and 316, each offering different properties suited for specific applications. Grade 316, for example, has added molybdenum, enhancing its resistance to pitting in chloride environments. Overall, austenitic stainless steel is widely used in construction, automotive, and medical applications due to its versatility and strength.