The invention belongs to the metal material and processing technical field, which relates to a steel material of hot-working die and its production process. According to the invention, the steel material of hot-working die comprises the element components by weight percentages: 0.38 to 0.42 of C, 0.35 to 0.45 of Mn, 0.55 to 0.65 of Si, 5.0 to 5.5 of Cr, 0.2 to 0.25 of Mo, 1.0 to 1.5 of V, less than or equal to 0.025 of S, less than or equal to 0.025 of P and the balance of Fe. According to the invention, the production process comprises the following steps: a step of smelting technology, a step of casting molten steel to form steel ingot, a step of forging or rolling into sectional material and a step of spheroidizing sectional material and annealing process, so that the technical process is simple and the operation is easy to control. The invention has a good and scientific element ratio, alloying and modification processing are employed, the invention has the advantages of good heat stability, high heat resistant fatigue performance, wear resistance, good hardenability and less deformation, a vacuum heat treatment and a surface strengthening processing are added for improving the work efficiency, reducing production cost, reducing or avoiding dies from breaking and cracking, thereby the hot-working die has long service life, high performance-price ratio and wide application.