A method for manufacturing a welding material includes: a compound preparing step in which a compound is prepared by mixing alloy powder containing first alloy powder having a first average particle size and second alloy powder having a second average particle size, a water soluble binder and water; a drying step; an extruding step; a degreasing step in which the extruded formed body is heated to a predetermined temperature of 400° C. or above; a C—O reaction step in which the extruded formed body is heated to a predetermined temperature which falls within a range of 950° C. to 1150° C. under a vacuum atmosphere; and a sintering step in which the extruded formed body is heated to a predetermined temperature which falls within a range of 1200° C. to 1350° C. under a nitrogen gas atmosphere thus forming a welding material.