High‐nitrogen stainless steel (HNSS) is prone to surface depression during continuous casting; however, its high‐temperature solidification characteristics and mold powder design have not been reported. Based on the analysis of mold thermocouple temperature variation, this study clarifies the high‐temperature solidification characteristics of HNSS and the cause of surface depression. It optimizes the mold powder for HNSS continuous casting according to factory and laboratory research. The factory trials indicate that the mold thermocouple temperature at the corresponding location decreases by 6.0–20.9 °C when the slab surface is depressed. The analysis shows that the high initial solidification strength of HNSS causes its slab surface depressions. Owing to this characteristic, the mold powder for HNSS should have a suitable melting rate, low basicity, and proper Al2O3. This low‐basicity Al2O3‐containing slag has a crystal slag film near the mold side and a thick liquid slag film near the slab. It can both provide good lubrication and control horizontal heat transfer.