Trev, I used the word brittle to keep it short, yes you can get different grades of stainless steel but mild steel is better
at absorbing an impact as its more malleable than stainless.
Also due to the heat absorbing nature of stainless its very hard to get a good safe weld. I'm not saying it cant be
done but If my safety was on the line I would put my trust more in a mild steel weld every time.
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Sean, I have to disagree, I have 20 years experience in welding and fabrication in mild steel & stainless steel and have held welder codings in st st, mild steel, titanium, inconel, aluminium, nimonic in various positions using the TIG welding process and some in MIG welding as well. Out of all these materials, 304/316 stainless is by far the easiest to weld and is the easiest to get a good safe weld, it is also the material that is prone to the LEAST weld defects and also requires the least pre-weld preparation before commencing welding. Stainless steel is by far the more superior material with regards to strength & weldability and is the best material to use for a tank frame, the only problem is, is that its much more expensive than mild steel. The strength of the tank frame is down to the design and the correct thickness of the section type (angle, box section, bar, strip) that its is made out of, not the welds, (that's assuming the welds are carried out by a competent welder)

I agree that mild steel is just as suitable for tank frames, although it needs to be galvanised or painted or it will rust.
Personally, if you can get hold of a stainless steel frame though, this would be the better option as it looks good, it doesn't rust
