The invention relates to the technical field of metallurgy, in particular to low-carbon, low-phosphorus, low-aluminum, high-nitrogen and ultralow-sulfur steel and a preparation method thereof.The low-carbon, low-phosphorus, low-aluminum, high-nitrogen and ultralow-sulfur steel comprises C, Si, Mn, P, S, Alt, N, Ni, V and the balance Fe and inevitable impurities; the method comprises the steps that molten iron of the low-carbon, low-phosphorus, low-aluminum, high-nitrogen and ultralow-sulfur steel is obtained; the molten steel is sequentially subjected to KR desulfurization, converter smelting and LF furnace refining, and molten steel is obtained; the molten steel is subjected to continuous casting and rolling, and a steel coil is obtained; by controlling the chemical components of the low-carbon, low-phosphorus, low-aluminum, high-nitrogen and ultralow-sulfur steel, the stability of the components in the steel grade is realized, and the toughness and plasticity of the steel are improved; and by controlling the processes of KR desulfurization, converter smelting and LF furnace refining, the cleanliness of the molten steel is improved, and the stability of the content of each component is maintained.