The invention discloses a nickel steel bean production method, and belongs to the technical field of steelmaking. Chemical components of the nickel steel bean comprise: 20% of Ni, 0.15-0.3% of Si, 0.1% of C, 0.03% of S, 0.03% of P, and the balance of Fe. The nickel steel bean has an irregular bean shape. Production steps comprise: treating ore, preparing a reduction agent, carrying out calcination in a rotation kiln, smelting in a submerged arc furnace, carrying out refinement on the crudely-prepared ferronickel, forming, adopting laterite-nickel ore as a raw material, and adopting a nickel steel bean forming device and a cooling water tank to rapid form, wherein the nickel steel bean forming device can be statically fixed, and further can horizontally rotate, and a water temperature of the cooling water tank is controlled to a certain temperature range. According to the present invention, the components of the nickel steel bean can be accurately controlled, such that the Ni content is about 20%, and the Si content and the S content are low; the side surface outlet size of the nickel steel bean forming device can be adjusted so as to adjust the size of the nickel steel bean; the nickel steel bean has characteristics of small size and light weight; and the temperature of the cooling water tank is controlled so as to control the shape of the nickel steel bean shape.