A method for producing a soft
magnetic alloy, comprising: Providing a precursor product comprising a composition consisting essentially of 5 wt.% ≤ Co ≤ 25 wt.% 0.3 wt.% ≤ V ≤ 5.0 wt.% 0 wt.% ≤ Cr ≤ 3.0 wt% 0 wt.% ≤ Si ≤ 3.0 wt% 0 wt.% ≤ Mn ≤ 3.0 wt% 0 wt.% ≤ Al ≤ 3.0 wt% 0 wt.% ≤ Ta ≤ 0.5 wt% 0 wt.% ≤ Ni ≤ 0.5 wt% 0 wt.% ≤ Mon ≤ 0.5 wt% 0 wt.% ≤ Cu ≤ 0.2 wt% 0 wt.% ≤ Nb ≤ 0.25 wt% 0 wt.% ≤ Ti ≤ 0.05 wt% 0 wt.% ≤ Ce ≤ 0.05 wt% 0 wt.% ≤ Ca ≤ 0.05 wt% 0 wt.% ≤ Mg ≤ 0.05 wt% 0 wt.% ≤ C ≤ 0.02 wt% 0 wt.% ≤ Zr ≤ 0.1 wt.% 0 wt.% ≤ O ≤ 0.025 wt% 0 wt.% ≤ S ≤ 0.015 wt% The remainder is iron, wherein Cr+Si+Al+Mn ≤ 3.0 wt.%, and up to 0.2 wt.% of other melt-
related impurities, and which has a cold-rolled texture or a
fiber texture, wherein the precursor product has a
phase transition from a BCC phase region, into a BCC / FCC mixed region to an FCC phase region, wherein with increasing temperature the
phase transition between the BCC phase region and the BCC / FCC mixed region occurs at a first
transition temperature T Ü1 and with further increasing temperature the transition between the BCC / FCC mixed region and the FCC phase region at a second
transition temperature T Ü2 takes place, where T Ü2 > T Ü1 and the difference T ü2 - T ü1 is less than 45K, final heat treatment of the precursor product at a temperature T 1 and then cooling from T 1 to
room temperature at a rate of 25°C / h to 500°C / h, and then heating from
room temperature to T 2 , where the precursor of T 2 is cooled to
room temperature at a rate of 10°C / h to 50,000°C / h, where T 1 above T Ü2 lies and T 2 below T Ü1 where 940°C ≤ T 1 < T m , and 700°C ≤ T 2 ≤ 1050°C, where T 2 < T 1 is and T m is the
solidus temperature, with the precursor at T 2 for a time t 2
heat treated, where 30 minutes ≤ t 2 ≤ 20 hours.