Advanced 700°C-class steam turbines demand austenitic alloys for superior creep strength and oxidation resistance beyond 650°C, exceeding the capabilities of conventional ferritic 12Cr steels. However, austenitic alloys come with a higher coefficient of thermal expansion (CTE) compared to 12Cr steels. To ensure reliability, operability, and performance, these advanced turbine alloys require low CTE properties. Additionally, for welded components, minimizing CTE mismatch between the new material and the welded 12Cr steel is crucial to manage residual stress. This research investigates the impact of alloying elements on CTE, high-temperature strength, phase stability, and manufacturability. As a result, a new material, “LTES700R,” was developed specifically for steam turbine rotors. LTES700R boasts a lower CTE than both 2.25Cr steel and conventional superalloys. Additionally, its room-temperature proof strength approaches that of advanced 12Cr steel rotor materials, while its creep rupture strength around 700°C significantly surpasses that of 12Cr steel due to the strengthening effect of gamma-prime phase precipitates. To assess the manufacturability and properties of LTES700R, a medium-sized forging was produced as a trial run for a turbine rotor. The vacuum arc remelting process was employed to minimize segregation risk, and a forging procedure was meticulously designed using finite element method simulations. This trial production resulted in a successfully manufactured rotor with satisfactory quality confirmed through destructive evaluation.

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