Can Stainless Steel Be Magnetic?

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The abstract of this article implies that the austenitic-to-martensitic transformation in SS316 occurs ~40 kelvin when cooling the sample.

http://jap.aip.org/resource/1/japiau/v108/i4/p043904_s1?isAuthorized=no

Does it transform back to austenitic at 40 kelvin when temperature is rising?

Bob S
 
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Well, that can't be the same thing used for making blades, unless it differs with alloy, since that is a balmy 77.36 liquid nitrogen bath.