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Not necessarily. If 304 is formed or worked cold, it will develop magnetic properties. If it needs to be non-magnetic, further processing needs to be performed. I believe it needs to be heated and slowly cooled (but I'm not 100% on that).if a magnet sticks to the side it is not 304
The reason I bring it up is because I panicked when I bought a new keg. It was made in China and a magnet stuck to it. I thought I was ripped off until I tested a German keg and realized it was magnetic too. After some research I found the answer and I calmed down. 316 is less prone to this, but 304 can be mildly magnetic without a problem. I also noticed the parts that were bent were more magnetic than the parts of the keg that were straight and minimally formed.
I have since avoided Chinese kegs, the German and Italian kegs were higher quality and not that much more expensive.


