The metal additive manufacturing (AM) process allows for the production of three-dimensional (3D) parts with unique geometries that could not be formed by conventional methods. However, our aim is to utilize the AM process to create never-before-seen new materials because we believe it holds potential not only for new processing but also for creating a new material. The TiB2-Fe composite powder developed as a new raw material of the AM process, which was used as an additive powder in additive manufactured (AMed) SUS316L for effectively improving the mechanical properties of AMed SUS316L. The TiB2-reinfoced SUS316L synthesized by a Powder Bed Fusion (PBF) method using the TiB2-Fe composite powder had an extremely high Vickers hardness and strength of about 400 HV and 1250 MPa, respectively, being close to twice those of AMed SUS316L.