Abstract: A non-magnetic austenitic steel with good corrosion resistance and a high hardness is provided. The non-magnetic austenitic steel comprises less than 0.15 wt % of carbon, less than 1.5 wt % of titanium, from 19 wt % to 26 wt % of chromium, from 3.5 wt % to 7.0 wt % molybdenum, from 11 wt % to 20 wt % nickel, from 2.0 wt % to 7.0 wt % of manganese, less than 0.8 wt % of nitrogen, less than 0.5 wt % of niobium, less than 0.5 wt % of vanadium, less than 1.2 wt % of silicon, less than 4 wt % of copper, and less than 2 wt % of tungsten and the balance being iron.

Abstract: The present teaching is generally directed to soft magnetic alloys. In particular, the present teaching is directed to soft magnetic alloys including Samarium (“Sm”). In a non-limiting embodiment, an Sm-containing magnetic alloy is described including 15 wt % to 55 wt % of Cobalt (“Co”), less than 2.5 wt % of Sm, and 35 wt % to 75 wt % of Iron (“Fe”). The Sm-containing magnetic alloy may further include at least one element X, selected from a group including Vanadium (“V”), Boron (“B”), Carbon (“C”), Chromium (“Cr”), Manganese (“Mn”), Molybdenum (“Mo”), Niobium (“Nb”), Nickel (“Ni”), Titanium (“Ti”), Tungsten (“W”), and Silicon (“Si”). The Sm-containing magnetic alloy may further have a magnetic flux density of at least 2.5 Tesla.