Stainless steel 304/304L Grade : 
Type 304/304L is the modern version of "18-8" stainless steel containing approximately 18% chromium and 8% nickel and is the most commonly specified stainless steel used throughout the world. Type 304/304L is a versatile, general purpose stainless steel with good resistance to atmospheric corrosion, and to many chemicals and food and beverages. These grades can be specified in the annealed condition where they have very good formability. Higher nickel versions can be specified to enhance multi-stage deep drawing characteristics. Higher strength, cold-worked conditions can also be specified for Type 304/304L for spring type applications. Type 304/304L is non-magnetic in the annealed condition but may become slightly magnetic as a result of cold working.
Type 304L can be dual certified as 304 when the composition meets the lower carbon limit of 304L and the slightly higher strength levels of 304. Type 304L should be specified for welded applications as the low carbon version eliminates chromium carbide precipitation and enhances the corrosion resistance in the as-welded condition.

Stainless steel 316/316L Grade : 
Alloy 316/316L is molybdenum-bearing austenitic stainless steel. The higher nickel and molybdenum content in this grade allows it to demonstrate better overall corrosion resistant properties than 304, especially with regard to pitting and crevice corrosion in chloride environments. In addition, Alloy 316/ 316L provides excellent elevated temperature tensile, creep and stress-rupture strengths, as well as outstanding formability and weldability. 316L is the lower carbon version of 316 and is immune from sensitization; therefore, it is very frequently used in heavy gauge welded components.
Specifications: UNS S31600 / S31603