A method of producing a strip from a CoFe alloy is provided. A slab consisting substantially of 35 wt %≤Co≤55 wt %, 0 wt %≤V≤3 wt %, 0 wt %≤Ni≤2 wt %, 0 wt %≤Nb≤0.50 wt %, 0 wt %≤Zr+Ta≤1.5 wt %, 0 wt %≤Cr≤3 wt %, 0 wt %≤Si≤3 wt %, 0 wt %≤Al≤1 wt %, 0 wt %≤Mn≤1 wt %, 0 wt %≤B≤0.25 wt %, 0 wt %≤C≤0.1 wt %, the remainder being Fe and up to 1 wt % of impurities, is hot rolled and then quenched from a temperature above 700° C. to less than 200° C. The hot rolled strip is cold rolled. The cold rolled strip is stationary annealed to produce an intermediate strip, and the intermediate strip is continuously annealed.