17-4 PH is a Martensitic, precipitation hardened steel that combines high strength and hardness with excellent corrosion resistance. 316L, on the other hand, is an Austenitic chrome nickel steel. 316L also offers excellent corrosion resistance and low levels of carbon which make it great for welding. 316L is a great general purpose steel. 17-4, on the other hand, is hardened through a high temperature heat treatment, giving it superior tensile strength, yield, and weight-to-strength properties than 316L.
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