The invention relates to a lead-free copper alloy which is easy to cut and forge, which relates to a low-lead brass alloy pipe and steel bar which are used in various hot-water heating, sanitary spare parts and equipment which is forged or is directly processed and produced in hot-water heating industry and sanitary industry. The invention is characterized in that the percentage by weight composition of alloy comprises Cu 57.5%-59.0%, Fe 0.05%-0.2%, Si 0.3%-0.4%, Bi 0.7%-1.2% and the allowance is zinc and unavoidable impurity, wherein Pb<=0.05, Sn<=0.2%, Ni<=0.2%. The alloy component of lead-free copper alloy which is easy to cut and forge of the invention is on the basis of copper and adds main elements such as proper zinc, antimony, bismuth, aluminium, iron and the like, which strictly controls impurity component, easy-cutting brass alloy material for casting which is produced is particularly suitable for various hot-water heating, sanitary components and equipment, and the products have the advantages of aesthetic appearance, compact structure, clean shape and bright color, copper alloy pipe and steel bar which are produced by the lead-free recasting copper alloy are particularly applicable for processing vehicles, milling, grinding, polishing, welding, electroplating and the like besides the above advantages, and has the advantages of corrosion prevention, long service span and the like.