Based on the material flow analysis method, the green development index system of industrial park was constructed. By using the PSR model, 13 indexes were divided into pressure layer, state layer and response layer, the indexes were standardized, weight distribution and synthesis. The green development level of industrial park was divided into 5 grades combined with the pressure state response factors. The results show that the energy consumption per unit industrial output of a stainless-steel industrial park is 0.7116 tons of standard coal per million yuan, the water consumption per unit industrial output is 6.1466 cubic meters per million yuan, the wastewater discharge per unit industrial added value is 3.12 tons per million yuan, the reduction rate of carbon emissions per unit industrial added value is 19.53%, and the green development index is 0.65, which belongs to the third level of green development. The problems are reflected in particulate emission, resource recycling, energy efficiency, industrial structure, and park greening. In the future, the stainless-steel industrial park should focus on industrial restructuring and transformation, environmental protection infrastructure construction, new policy guidance, and ecological environment construction of the park.