Stainless Steel has the properties and strength of steel, but is highly corrosion resistant. Common grades of stainless are 304, 316, and 400 Series. 304 Stainless is about 18% Chrome and 8% Nickel and 74% Iron. Common applications include sheets, piping, and kitchen sinks. 316 Stainless is 16% Chrome, 10% Nickel, 2% Molybdenum, and 72% Iron. 316 is common in high heat and petrochemical applications. 400 Series Stainless is typically magnetic and used in commercial and household appliances and automotive applications.