Answer :

Pulkit
For stainless steel different kinds of compositions are used. Based on that different series of stainless steel has been coined.
1. Series 200 - Iron alloyed with chromium, nickel and manganese.
2. Series 300 - It has 
a. Stainless Steel 304 - it has composition of 18% chromium and 8% Nickel
b. 
Stainless Steel 316 - This has 18% chromium and 10% Nickel

Each kind of stainless steel is of different cost and has different applications.

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