The invention provides a copper coated steel contact wire with high strength, low relaxation and high electric conductivity for electric traction. A copper or a copper-silver alloy layer is coated on a high-strength and low-relaxation steel core, and the obtained product is subjected to cold rolling to obtain the copper coated steel contact wire; and the tensile strength of the copper coated steel contact wire reaches more than or equal to 600/mm<2>, and simultaneously, the electric conductivity of the contact wire reaches more than or equal to 80 percent IACS. The contact wire has the following advantages and technical effects: 1, the tensile strength reaches more than or equal to 600/mm<2>, simultaneously, the electric conductivity of the contact wire reaches more than or equal to 80 percent IACS, the contact wire also has the high electric conductivity of the copper and high strength, low relaxation and high yield ratio of steel, and the contact wire is suitable to apply to a high speed train with the speed of more than 300 km per hour; 2, the contact wire saves a pre-tension working procedure and reduces the construction difficult in the electric grid construction; and because of low degree of relaxation, the tension of a contact wire is more stable; 3, because of good straightening property, the straightening difficult of the contact wire is reduced in the electric grid construction; 4, the service life is long; 5, the contact wire can normally work at a higher temperature (generated due to abrasion); and 6, the power receiving capability of a pantograph is enhanced.