Ni-base alloy and a die for hot forging using a die, production of a forged product

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Provided is a Ni-based alloy for hot forging die having high compressive strength at high temperature and good oxidation resistance that is capable of suppressing work environment deterioration and shape deterioration. A Ni-based alloy for hot forging die in the present invention includes, by mass, 7.0 to 12.0% W, 4.0 to 11.0% Mo, 5.0 to 7.5% Al, and 0.5 to 7.5% Cr, and the balance of Ni with inevitable impurities. In addition, the Ni-based alloy for hot forging die may further include 0.5 to 7.0% by mass Ta and may further include one or more elements selected from, by mass, 0.001 to 0.5% Zr, 0.001 to 0.5% Hf, 0.001 to 0.2% a rare-earth element, 0.001 to 0.2% Y, and 0.001 to 0.03% Mg. The Ni-based alloy for hot forging die may have a 0.2% compressive proof strength of at least 500 MPa at a test temperature of 1000° C. and a strain rate of 10−3/sec.