The invention relates to an inexpensive non-magnetic
austenite stainless steel and a manufacturing method thereof. The components comprise, by weight, 0.05-0.12% of C, 0.2-1.0% of Si, 14.0-18.0% of Mn, 16.0-19.0% of Cr, 0-2.0% of Ni, 1.0-3.0% of Cu, 0.1-0.3% of N, 0.001-0.004% of B, and the balance of Fe and unavoidable impurities. According to the present invention, the finished product can maintain the non-magnetic state after 80% of the finished product is subjected to cold rolling reduction; low
nickel pig iron with a
nickel content of 1-2 wt% and produced by using inexpensive
laterite-
nickel ore can be adopted as the nickel resource
raw material without application of other nickel-containing resources, such that the consumption of the high nickel iron or pure nickel can be substantially saved, and the low cost characteristic is provided; and the inexpensive non-magnetic
austenite stainless steel of the present invention has characteristics of no
magnetism, high strength, and excellent cold
processing performance, and can be widely used in the industries of
electrical devices,
electronics, instrumentations, springs, zippers and the like.