The present invention is directed to a largely nickel-free iron alloy or a nickel-free stainless steel having the following composition:14.0% by wt.-16.5% by wt. chromium 10.0% by wt.-12.0% by wt. manganese 3.0% by wt.-4.00% by wt. molybdenum 0.55% by wt.-0.70% by wt. nitrogen 0.10% by wt.-0.20% by wt. carbon 0.00% by wt.-2.00% by wt. impurities, such as other metals, semimetals, metal salts and/or non-metals the rest up to 100% by wt. is iron, which is in particular suitable for the production of stents as well as to stents made of this alloy.