Steel wire rope (SWR) is widely used in industrial scenarios because of its high strength and toughness. To avoid accidents that local flaws (LFs) can cause, SWRs should be inspected regularly. Magnetic flux leakage (MFL) image detection, which is a common SWR inspection method, is inevitably influenced by shaking noise and strand noise. Although noise-reduction methods for these two types of noise have been proposed, the phenomenon of noise distortion has not received enough attention. This paper investigates the noise distortion phenomenon on the MFL image and finds that the distorted noise severely affects the performance of existing noise-feature-oriented (NFO) denoising methods. To solve this problem, we adopt a target-feature-oriented (TFO) denoising method. Specifically, the removal of noise is avoided, instead, an LF-enhancement-based denoising process is proposed. Moreover, to localize LFs in denoised images, a three-stage adaptive localization method mainly based on disjoint region analysis is proposed. The experiment results show that the proposed TFO denoising method significantly improves the denoising performance for images that distorted noise influences. In addition, the proposed adaptive localization method improves the intelligence of the localization process and has better localization performance for images with distorted noise.