Stainless Steel Grade 201/1.4372 is an austenitic chromium-nickel-manganese stainless steel developed to conserve nickel. It is a lower-cost alternative to traditional 304 stainless steel. Grade 201 offers high tensile strength and good corrosion resistance, suitable for various applications where cost savings are a priority. While it has less corrosion resistance compared to 304 stainless steel, it remains adequate for many applications.