Adding molybdenum to 316 makes it more corrosion-resistant than similar alloys. 316 is a primary metal used in marine environments due to its corrosion resistance. 316 stainless is used in hospitals because of its cleanliness. 316 type of stainless steel is an authentic, chromium-nickel stainless steel that can withstand a variety of chemical corrosives like seawater or brine solutions. 304 stainless steel typical applications.
Chemical equipment: reservoirs and pipelines for chemical applications, chemical storage, and processing equipment, and refinery infrastructure.
Mechanical parts: ship tracks, steel wire rope, ship ladders, ship hulls.
Medical equipment: large pharmaceutical equipment, surgical equipment, etc.
The main difference between 304 and 316 stainless steel is that 316 grade has a much higher molybdenum content, typically 2-3% by weight, and provides better corrosion resistance.