Nickel saving austenite crude stainless steel master alloys were innovatively produced by smelting of nickel‑chromium‑manganese bearing prereduced pellets in an effective and economical way. The thermodynamics analysis and systematic process mineralogy were also conducted to further reveal the smelting characteristics of prereduced pellets and the related enhanced mechanism. The results showed that the preferable stainless steel master alloys with 66.29% Fe, 4.21% Ni, 17.28% Cr, 6.53% Mn and 4.76% C can be prepared from the nickel‑chromium‑manganese bearing prereduced pellets with a corresponding recovery of valuable metals more than 95%. Furthermore, during the enhanced smelting process, the optimization of slag types can further realize the phases transformation from high-melting-point enstatite and forsterite to low-melting-point diopside and monticellite to obtain a decreased smelting temperature and viscosity of slag. The smelting duration and the alloy grain included in the smelting slag were both obviously decreased, resulting in an improved smelting performance.