A steam turbine having a rotor shaft, rotating blades implanted onto said rotor shaft, fixed blades for guiding steam flow to said rotating blades and an inner casing supporting said fixed blades, wherein said rotor shaft and said fixed blades at least in the first stage are made of a high strength martensitic steel containing C of 0.05 to 0.20%, Si of not more than 0.15%, Mn of 0.03 to 1.5%, Cr of 9.5 to 13%, Ni of 0.05 to 1.0%, V of 0.05 to 0.35%, Nb of 0.01 to 0.20%, N of 0.01 to 0.06%, Mo of 0.05 to 0.5%, W of 1.0 to 3.5%, Co of 2 to 10%, B of 0.0005 to 0.03%, and having Fe of not less than 78% in weight percentages;
- said rotating blades being made of a combination of said martensitic steel and a Ni base alloy containing C of 0.03 to 0.15%, Si of not more than 0.3%, Mn of not more than 0.2%, Cr of 12 to 20%, Mo of 9 to 20%, Al of 0.5 to 1.5%, Ti of 2 to 3%, B of 0.003 to 0.015% in weight percentage;
- said inner casing being made of a high strength martensitic steel containing C of 0.06 to 0.16%, Si of not more than 0.5%, Mn of not more than 1%, Ni of 0.2 to 1.0%, Cr of 8 to 12%, V of 0.05 to 0.35%, Nb of 0.01 to 0.15%, N of 0.01 to 0.1%, Mo of not more than 1.5 %, W of 1 to 4%, B of 0.0005 to 0.003%, O of not more than 0.015%, and having Fe of not less than 85% in weight percentages.