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ASTM A240 316/316l Stainless Steel Plate. In ASTM A240, type 316 and 316L is a chromium nickel austenitic steel, Element molybdenum addition can enhances corrosion resistance of stainless steel, which is the main factor that 316/316l is more corrosion resistant than 304/304l. When 316L steel of low carbon content is only a little higher than