Abstract In wear protection, cobalt-base or nickel-base materials are very often used for coatings in order to increase the functionality and service life of components. These materials such as stellite, the nickel-base alloy Colmonoy 56 or Tribaloy T400 are characterized by a high resistance to abrasion, adhesion as well as excellent corrosion resistance even at higher temperatures. Given the criticality of cobalt and partly also nickel, it is necessary to look for more sustainable alternatives to be used in wear protection. One possibility is to further develop iron-base materials so that they can be used in wear protection to prevent both abrasion and adhesion. In this context, sufficient corrosion resistance is desirable. This paper will elaborate on the development of a novel intermetallic iron-base hard alloy.