The invention discloses high-
phosphorus and high-
sulfur free-
cutting steel and a production method thereof. The high-
phosphorus and high-
sulfur free-
cutting steel comprises the following chemical components: 0.51 to 0.56 percent of C, 0.06 to 0.13 percent of Si, 0.80 to 1.0 percent of Mn, 0.041 to 0.065 percent of P, 0.08 to 0.10 percent of S, less than or equal to 0.010 percent of Als, 0.0015 to 0.0030 percent of Ca, 0.16 to 0.22 percent of Mo, 1.90 to 1.98 percent of Cr and 8 to 12 percent of Mn / S. Before converter blowing, high-
phosphorus slag and drossing iron are added into a converter, then molten iron is added, phosphorus and
sulfur in
molten steel at the end point of the converter meet the requirements of a finished product, and the temperature of the
molten steel at the end point is 1630-1660 DEG C; the low-
alkalinity slag is manufactured through LF refining, the
alkalinity is controlled to be 1.0-1.2, and component control and the
manganese-sulfur ratio are stable; and the temperature of LF carried-out
molten steel is 1530-1540 DEG C. According to the method,
ferrous sulfide and ferrophosphorus
alloy are not added behind the converter, the
sulfur content fluctuation caused by unstable sulfur yield in the refining process is avoided, the
manganese-sulfur ratio fluctuation is reduced, cracks are eliminated, the quality of the
continuous casting billet is improved, and the production cost is reduced. Meanwhile, the effective utilization of waste resources is realized.