Stainless steel magnetic?
Even austenitic stainless steels, like the 300 series, can become slightly magnetic when they are cold-worked. So if the part has been forged, machined or bent into it's current shape, it may be possible to get a magnet to stick to it. However, it should have nowhere near the magnetic properties of a piece of mild steel. Martensitic grades of stainless steel like the 400 series or 17-7 are magnetic. I don't know that I would call them "lower" grades, they just have different properities, but they do trade corrosion resistance for strength and the ability to be hardened.