Nope.
Needs to be at least 316 Stainless Steel.
Other options, in order of increasing chemical/saltwater resistance:
Nitronic 50 Stainless Steel
Type 20 Stainless Steel
(both of the above will be incredibly difficult to find, hence the 316 recommendation)
and, the best option:
Titanium[/COLOR=red]
3/32" Ti Rod is difficult to find. It's normally only available in 1/8" increments. If you can find 14AWG, you'll be incredibly close... Ti Welding rod comes to mind.
But, 316 Stainless Steel should last 12 months in a saltwater tank without difficulty.
Dwain