Provided is a hot-working steel excellent in machinability and impact value comprising, in mass %, C: 0.06 to 0.85%, Si: 0.01 to 1.5%, Mn: 0.05 to 2.0%, P: 0.005 to 0.2%, S: 0.001 to 0.35%, and Al: 0.06 to 1.0% and N: 0.016% or less, in contents satisfying Al×N×105≦96, and a balance of Fe and unavoidable impurities, total volume of AlN precipitates of a circle-equivalent diameter exceeding 200 nm accounting for 20% or less of total volume of all AlN precipitates.