Provided is a method for producing a circumferential weld joint. With this method, when low-carbon martensitic stainless steel pipes used for pipelines for transportation of petroleum and natural gas are subjected to circumferential welding, the circumferential welding can be performed efficiently using a low-cost welding material having a composition similar to the composition of the low-carbon martensitic stainless steel pipes. Pipe ends of low-carbon martensitic stainless steel pipes containing prescribed components are butted against each other and subjected to multi-pass arc welding using a welding material containing prescribed components. In the first pass in the multi-pass arc welding, CMT welding is performed in which the welding material is moved back and forth against a molten pool to generate an arc intermittently. In the second and subsequent passes, one selected from GMA welding, GTA welding, and the CMT welding is performed.