The disclosure provides a low-nickel nitrogen-containing austenitic stainless steel flux-cored wire and a preparation method thereof, and belongs to the technical field of welding materials. The disclosure aims at solving the technical problems of nitrogen element loss, air holes, hot cracks in a welding seam area, and pitting corrosion caused by nitride precipitation in a heat affected area that are easily generated in a welding joint when low-nickel nitrogen-containing austenitic stainless steel is welded in the prior art. The flux-cored wire of the disclosure is prepared from a flux core and a stainless steel sheath. During welding, gas protection is not needed. The flux core is formed by mixing an alloy component and a slag system. The alloy component is formed by mixing electrolytic manganese, ferrosilicon, chromium metal, nickel metal, ferromolybdenum, copper powder and ferrochrome nitride powder in percentage by mass. The slag system is formed by mixing complex fluoride, a carbonate mixture, potassium feldspar, rutile, zircon sand and Al—Mg alloy in percentage by mass. The method includes: mixing the alloy component and the slag system, filling the mixture into the stainless steel sheath, and performing drawing and diameter reduction to obtain the low-nickel nitrogen-containing austenitic stainless steel flux-cored wire.
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