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AISI 304 vs 316 stainless steel cost:Taking steel plates as an example, the cost of 316 is about 1.5 times the cost of 304. The price of stainless steel depends on the price of the alloying element and the amount of the alloy (eg Ni, Cr and Mo). The price of molybdenum (Mo) is about twice that of nickel (Ni), six times that of chromium (Cr), 316 nickel content is higher than 304, and 316 contains molybdenum, while 304 does not contain it, so the cost of 316 is higher than 304. 304, 316, 321 Stainless Steel Plates - Solid Steel SupplyStainless Steel Plate ASTM A312-TP316 . 316 grade is the second-most common form of stainless steel. It has almost the same physical and mechanical properties as 304 stainless steel, and contains a similar material make-up. The key difference is that 316 stain- less steel incorporates about 2 to 3 percent molybdenum.
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