All stainless steels will corrode under certain conditions. I've seen 304 stainless steel screws dissolve to almost nothing in a few weeks when they were used below the waterline of a boat that was kept in salt water. The most common stainless steels are the 300 and 400 series. You can identify the 300 series easily because a magnet won't stick to them. Chances are, if the steel is non-magnetic, it's probably 304. 304, also called "18-8" (18 percent nickel, 8 percent chromium) is a good tradeoff between cost, tensile strength and corrosion resistance. 316 is much stronger, more corrosion resistant, and more expensive. (The 400 series is used in applications where strength is more important than corrosion resistance. 440, for example, is commonly used for knife blades.) Anyone who has run a boat on salt water will tell you that stainless just "stains less".
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