304 Stainless Steel Coil is notable for its corrosion resistance, and it is widely used for food handling and cutlery among many other applications. Stainless steel does not readily corrode, rust or stain with water as ordinary steel does. However, it is not fully stain-proof in low-oxygen, or high-salinity environments. There are various grades and surface finishes of stainless steel to suit the environment the alloy must endure.