The invention provides medium chromium ferrite stainless steel which comprises the following chemical compositions in percentage by weight: 0.02-0.08 percent of C, not more than 1.0 percent of Si, not more than 1.0 percent of Mn, not more than 0.05 percent of P, not more than 0.01 percent of S, 16-20 percent of Cr, 0.05-0.50 percent of V, 0.005-0.05 percent of N, not more than 0.10 percent of Al, not more than 0.5 percent of Ni, not more than 0.010 percent of O, not more than 0.005 percent of Ca, additional not more than 0.30 percent of Ti and / or not more than 0.30 percent of Nb, and the balance of iron or other inevitable impurities. The invention also provides a making method of the medium chromium ferrite stainless steel, comprising the following steps of, firstly, heating a billet or a cast blank with the heating temperature of 1000-1250 DEG C; secondly, carrying out hot rolling; thirdly, annealing and pickling; fourthly, carrying out cold rolling; and fifthly, annealing and pickling. By adopting the composition design and the making method, a steel plate with good strength and plasticity, corrosion resistance and transverse performance is produced, thereby the machining needs of household appliances and products are met.