Yes, stainless comes in many grades. Most metals have different grades based on their make up. 416 stainless is magnetic, but less "stainless" due to the added carbon. 316 stainless is not magnetic but does not have the same tensil strength as the 416. Some stainless that usually is not magnetic will become magnetic due to the way it is machined. There are some stainless washers that are very slightly magnetic due to the stamping process they go through.