Disclosed herein are embodiments of non-magnetic, strong carbide forming alloys. In particular, the alloys can be advantageously used for powder manufacturing. Embodiments of the disclosure can have low FCC-BCC transition temperatures in combination with hard particles having a hardness of 1000 Vickers or greater. The alloys can be used in conjunction with, for example, drill pipe tool joints, drill collars, down hole stabilizers, or oilfield components, particularly as a hardbanding component.