The ss 316 price depends on the size, thickness, finish and application. This is why it’s important to choose the right grade for your specific project. Choosing the wrong one could lead to expensive corrosion problems down the road. SS 316 has the added benefit of being more resistant to chlorides and other salts, high temperatures, acids, and other harsh environments. For these reasons, SS 316 is a popular choice for marine applications, pharmaceutical equipment, and paper mills.
SS 316 has a higher chromium content than SS 304, which makes it more resistant to corrosion. It also has a higher nickel content and contains 2-3% molybdenum, which increases the alloy’s resistance to pitting and crevice corrosion in chloride solutions. It is also a more durable grade than SS 304, with a higher modulus of elasticity.
Both grades are highly used in the aerospace industry. The ss 316 price is lower than that of SS 304 and offers light weight, tensile strength, and extreme durability. It’s the perfect material for CNC machining aerospace parts. It’s also rust and corrosion-resistant, making it ideal for medical equipment and implants.
Despite manageable declines in other commodities, most likely due to profit taking and shifts in the EUR-USD currency pair, the price jumps in molybdenum-containing stainless steel grades continued on Monday. This is likely because the market continues to be buoyed by a robust labour market, as well as improving demand from automotive manufacturers and semiconductor companies.