The austenitic stainless steel 316L was additively manufactured using Selective Laser Melting (SLM). The corrosion characteristics of the additively manufactured (3D printed) specimens were investigated by both potentiodynamic and potentiostatic techniques. The production parameters were deliberately varied during SLM, to produce 316L specimens fabricated by different laser scan speed (in the range of 860–1160 mm/s) and laser power (in the range of 165–285 W). The fabrication parameters were found to influence the porosity of the resulting specimens. The pitting potentials, metastable pitting rates and repassivation potentials of the 3D printed specimens are presented herein as a function of the laser scan speed and laser power, and also discussed in the context of specimen porosity. The corrosion characteristics of the 3D printed 316L were also compared with wrought 316L, revealing higher pitting potentials and lower rates of metastable pitting for most SLM 316L specimens, the related concepts of which are discussed herein.