What's the Difference? Type 304, 201 and 316 Stainless Steel …
Type 316. While type 201 has the lowest resistance to corrosion, and type 304 is more resistant, type 316 has the most. As you can probably guess, it has the high est nickel content. Obviously, this high nickel content makes type 316 the most expensive type of stainless steel banding. For some industries, however, the cost is worth it.