The present invention relates to soft magnetic structural steel, and is especially one kind of soft magnetic structural steel resisting salt fog and its making process. The present invention solves the technological problem of raising the salt fog corrosion resistance of soft magnetic structural steel. The soft magnetic structural steel consists of C 0.020-0.040 wt%, Si 1.40-1.60 wt%, Mn 0.40-0.80 wt%, P not more than 0.015 wt%, S not more than 0.005 wt%, Als 0.040-0.060 wt%, Cu 0.20-0.50 wt%, Ti 0.035-0.055 wt%, N not more than 0.0035 wt%, Ni 0.80- 1.20 wt%, and Ca or REM 10-60ppm, except Fe and inevitable impurities. Its making process includes continuous casting, re-crystallization controlling rolling, accelerated cooling or intermittent direct quenching, and subsequent slow cooling step. The present invention is especially suitable for use as side guide plate in magnetic suspension train track beam in high salt fog area.