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Both 304 stainless steel and 316 stainless steel are resistant to corrosion and they can be used in medical equipment and cooking facilities, for example, boiler. However, 316 stainless steel is actually more resistant to corrosion than the 316 stainless steel because of the addition of Molybdenum in 316 stainless steel. In terms of heat resistance, 304 stainless steel behaves better than 316 stainless steel.