PURPOSE: To obtain stainless steel excellent in corrosion resistance and generating no gold dust flaw, in stainless steel with a specific composition, by limiting P content.

CONSTITUTION: In stainless steel containing 0.12% or less C and 10W25% Cr, the content of P is limited to 0.02% or less. It is recognized that minute spills resulting in gold dust flaw in a cold rolled steel plate manufacturing process of stainless steel is generated because the protruded part of the base material or the edge part of grain boundary falls down to overspread the steel sheet surface. However, in addn. to this phenomenon, a crack is generated in the part of surface grain boundary at the time of cold rolling and the edge part thereof falls down to ovespread the steel surface at the next or succeeding rolling path to form the minute defect flaw which, in turn, results in the gold dust flaw. This crack of the grain boundary is grain boundary breakage generated due to the brittleness directly under a roll at the time of cold rolling, and the brittleness of the grain boundary is related to P concentrated in the grain boundary. Therefore, by reducing the content of P, objective stainless steel is obtained.