The invention relates to austenite stainless steel and a production method thereof, and belongs to the technical field of stainless steel processing. The stainless steel product mainly comprises the following chemical components in percentage by weight: less than or equal to 0.03 percent of C, 0.4-0.6 percent of Si, 1.0-1.5 percent of Mn, 16.5-18.0 percent of Cr, 10.0-11.0 percent of Ni, 0.010-0.050 percent of N, 2.00-2.50 percent of Mo, less than or equal to 0.040 percent of P, less than or equal to 0.003 percent of S, 20-40ppm of B and the balance of Fe and inevitable impure elements, wherein the DG value is between 6 and 9, the value of Md30 is 30DEG C below zero- 60 DEG C below zero. The production process comprises the following steps: intensively deoxidizing and desulfurizing, adding Fe-B to refine the grain size of an as-cast billet, adding Ca-Si wires into a ladle furnace (LF) and prolonging the time of soft blowing and standing, controlling the superheat degree to be 20-40 DEG C and constant pulling speed of 1.1-1.15m/min; and weakening secondary cooling water, performing hot rolling, cold rolling and thermal treatment, and pickling. By adopting the method, the problem of surface defects occurring in the stainless steel processing process can be alleviated, and the cold rolling yield can be increased.