Watchmaking manufacturers obtain their bracelet links from machining drawn metal profiles. But, today, there is another process that represents an alternative to manufacture them: metal injection molding using metal powders (MIM technology). This process is less expensive than the machining of drawn metal profiles. The aim of this study was to evaluate the corrosion behavior and the nickel cation release of two stainless steel alloys: 316L MIM and 904L MIM. The general corrosion behavior was evaluated by the rotating electrode technique; the galvanic corrosion measurements were conducted with a 316L AISI bulk coupling partner. The pitting corrosion behavior was evaluated in FeCl3 0.5 M media (according to ASTM G48-11). For comparison, a complementary study was conducted on 316L and 904L bulk alloys. The Ni cation release tests were conducted on 316L and 904L MIM and bulk samples according to EN 1811. Different electrochemical parameters were measured and calculated (open circuit potential, polarization resistance, corrosion current and Tafel slopes, coulometric analysis). Generally, if MIM steels are compared with conventional steels, their corrosion resistance behavior is inferior. In the couplings studied, the galvanic currents generated are very important. The shape of the curves also reveals the presence of localized corrosion phenomena. According to tests in ferric chloride, MIM steels were noted to have inferior behavior compared to conventional steels. MIM type 904L steels are comparable in behavior to conventional type 316L steels. The quantities of nickel released according to EN 1811 were very significant (2 mg cm−2 week−1 up to 24 mg cm−2 week−1) and did not meet the requirements of the European directive (0.5 µg cm−2 week−1). In conclusion, conventional steels studied under the same experimental conditions revealed a better behavior compared to MIM steels independently of the phenomenological parameters chosen.