201 stainless steel is a lower-cost alternative to traditional chromium-nickel austenitic stainless steels such as 304. Containing a higher percentage of manganese and nitrogen, it offers moderate corrosion resistance and higher yield strength. 201 stainless steel is less resistant to corrosion than 300 series alloys and can be susceptible to pitting in chloride environments. It's widely used for decorative applications like architectural trims, automotive trim, and kitchen equipment. Additionally, its formability makes it suitable for various manufacturing processes, including deep drawing. 201 stainless steel is a common choice for budget-conscious projects where moderate corrosion resistance and aesthetic appeal are important.