An austenitic alloy having improved ductility/processability and improved pitting and crevice corrosion resistance comprising, in % by weight, about: 25-30 % Ni; 19-23 % Cr; 6-8 % Mo; 0.3-0.5 % N; 0.5 % Mn; 0-1.5 % Cu; 0-0.2 % C; 0-1 % Al; 0-0.01 % S; 0-1 % Ti; 0-1 % Si; up to trace amounts of Mg, Ca, and Ce; and balance Fe plus incidental impurities.
