Abstract: A polycrystalline magnetocaloric material based on thermally annealed Fe100-xRhx melt-spun ribbons with chemical composition x in the interval 48?x?52 at. % and the bcc CsCl-type crystal structure (B2) and method for manufacturing the same. The material has improved magnetocaloric properties associated to first-order magneto-elastic phase transition compared to bulk alloys of similar chemical composition manufactured by conventional melting techniques; exhibiting both low-magnetic field induced giant magnetocaloric effects and enhanced refrigeration capacity close to the room temperature range, due to the fast increase of a magnetic entropy change at low fields that is followed by a broad table-like magnetic entropy change as function in the temperature curve.