A magnetically insulated transmission line (MITL) is used to transmit high power electric pulses in large pulse power systems. However, current loss is unavoidable, especially when the current density is up to 1 MA/cm. In the paper, the current loss of an MITL made of stainless steel, which is usually used in large pulse power generators, is experimentally studied, and possible mechanisms to explain the current loss of the MITL are analyzed and discussed. From the experimental results, the relationship between loss current density and input current density follows approximately a power law. The loss is also related to the configuration of the MITL.