The invention discloses a long-life steam turbine blade. The long-life steam turbine blade consists of the following chemical components in percentage by weight: 0.29-0.31% of C, 0.16-0.19% of Si, 0.75-0.77% of Mn, 0.73-0.85% of Ni, 9.5-10.1% of Cr, 0.55-0.64% of Mo, 0.15-0.17% of Sn, 0.11-0.15% of V, 0.82-0.84% of Sr, 0.15-0.17% of Nb, 0.02%-0.03% of Cu, 0.13%-0.15% of T, 0.06-0.08% of B, not greater than 0.01% of Ca, not greater than 0.03% of S, not greater than 0.03% of P, 0.16%-0.18% of rear-earth metal, and the balance of Fe. The production process disclosed by the invention is carried out by hot-forging, annealing, blade mechanical machining, distressing thermal treatment, tempering thermal treatment, cooling, surface-enhanced thermal treatment, physical and chemical inspecting, ultrasonic-wave flaw detecting, and cleaning-packaging. The production process disclosed by the invention can greatly improve impact toughness of the blade, can improve water erosion resistance and corrosion resistance of the blade, and can prolong the service life of the blade.