The diagnosis of material degradation and the detection of discontinuities in austenitic cast stainless steel have been studied by using ultrasonic waves generated by an electromagnetic acoustic transducer (EMAT). A simple circuit model for an EMAT generating horizontally polarized shear waves (SH waves) was established and magnitudes of oscillations were estimated by using the model and experimental data. As a result, the attenuation was described at two different frequencies of SH waves.