316L stainless steel is a kind of austenitic stainless steel with good corrosion resistance, widely used in power plants, refineries, chemical plants, etc. However, the metal bellows manufactured by 316L stainless steel have caused a corrosion perforation phenomenon in the Cl−environment, which will affect the safety of equipment operation. In this paper, by observing the corrosion morphology, examining and analyzing the material composition, corrosion products, working conditions, and production process of the metal bellows of a power generation company. The results show that the main cause of failure of stainless steel corrugated pipe is pitting corrosion perforation caused by high concentration chloride aqueous solution in the medium.