The invention provides a high-nickel and high-carbon steel material. The steel material contains the following chemical elements by mass percent: 1.2-1.4% of C, 1.2-1.5% of Cr, 13.0-13.5% of Ni, 2.3-2.5% of Co, 0.6-0.8% of B, 0.2-0.5% of Si, 1.5-1.8% of copper, 4-4.3% of manganese, 0.3-0.5% of neodymium, not more than 0.030% of P, not more than 0.030% of S and the balance of iron. The steel material has the beneficial effects that the alloy material has the extremely high strength, hardness and wear resistance of high-carbon steel and simultaneously has better toughness and plasticity; the wear resistance of the material is greatly improved by using rare earth elements and boron; the heat resistance of the material is improved by using cobalt; part of scrap iron is used as the raw material, so that the quality of the alloy is stable and homogenous; the high-carbon steel is suitable for the parts which are in the high temperature environment for a long time and are seriously worn; the porosity is reduced by 1-2 degrees by adding a refining agent.