304 stainless steel has excellent resistance to a wide range of atmospheric environments and many corrosive media. It is subject to pitting and crevice corrosion in warm chloride environments and to stress corrosion cracking above about 60°C. It is considered resistant to pitting corrosion in water with up to about 400 mg/L chlorides at ambient temperatures, reducing to about 150 mg/L at 60°C.

304 stainless steel is also very sensitive at room temperature to the thiosulfate anions released by the oxidation of pyrite (as encountered in acid mine drainage) and can undergo severe pitting corrosion problems when in close contact with pyrite- or sulfide-rich clay materials exposed to oxidation.