Used for everything from jewelry, resistors, heating elements, mechanical components, and springs. 316L is the most widely used Chromium-Nickel austenitic stainless steel. It is nonmagnetic when annealed and becomes slightly magnetic when cold worked. It has excellent fabrication and weldability characteristics. Non-hardenable by heat-treating. It is more resistant to general corrosion and pitting than conventional nickel chromium stainless steels such as 302-304. Our 316L is annealed.