Schlüsselworte: Austenitischer Stahl, Wälzlager, warmbestän-dig, hohe Härte, nicht rostend, nicht magnetisierbar A low cost austenitic chromium manganese steel with about 1 mass% of carbon and nitrogen was molten under normal pressure which reveals an amazing combination of properties. Starting from a yield strength of about 600 MPa it is cold work hardened to 60 HRC. This high hardness is brought about for the first time without a martensitic microstructure which is usual for roller bearings. In addition this steel is stainless, non-magnetic and heating resistant up to about 500 C, i.e. a material to serve under complex loading. Manufacturing by ingot metallurgy, ESR, hot working, solution annealing and machining was carried out on an industrial scale. The investigation of the structure was carried out on several scales, beginning with the electronic structure, the TEM structure, the light optical microscopy up to macro-etchings. In this manner an extensive understanding of the outstanding combination of properties of the steel named CARNIT was derived.