The invention relates to hardened and tempered low-temperature steel, which comprises the following chemical ingredients by weight percentage: 0.040 percent to 0.080 percent of C, at most 0.15 percent of Si, 1.20 percent to 1.60 percent of Mn, at most 0.015 percent of P, at most 0.003 percent of S, at most 0.010 percent of Als, 0.05 percent to 0.35 percent of Cu, 0.10 to 0.40 percent of Ni, 0.10 percent to 0.30 percent of Mo, 0.007 percent to 0.012 percent of Ti, 0.020 percent to 0.050 percent of V, 0.0055 percent to 0.0085 percent of N, 0.0008 percent to 0.0020 percent of B and 0.001 percentto 0.004 percent of Ca. In addition, the element contents meet the following relationship that: Mn/C is greater than or equal to 15 but smaller than or equal to 30; the equivalent weight of Ni is greater than or equal to 0.25 percent; Ti/N is between 1.0 and 2.0; B is greater than 0.714(N-0.292Ti-0.518Als); Ni/Cu is greater than or equal to 1.0; Ca/S is between 1.0 and 3.0, and in addition, the Ca(percentage)*S(percentage)0.28 is greater than or equal to 1.0*10<-4> but smaller than or equal to 1.5*10<-3>; and the rest are iron and unavoidable impurities. The steel is manufactured through combining processes of recrystallization control milling, on-line direct quenching, tempering heat treatment, the excellent low-temperature performance can be obtained, and in addition, a steel plate can bear large-line energy welding and is particularly suitable for being used for making liquefied petroleum gas (LPG) low-temperature storage tanks.