The invention relates to a manufacture method for manufacturing a cantilever steel pipe with high strength and high toughness by using a hot-rolling coiled plate. The method comprises the following steps that: firstly, a hot-rolling coiled plate is rolled into an ERW welding pipe by using an ERW pipe welding machine set, the ERW welding pipe is heated by induction in induction heating equipment, the heating time is within 60-140s, the ERW welding pipe is heated to 910DEG C to 960DEG C, and austenitizing is carried out; then, the ERW welding pipe enters a water-cooling or steam-cooling quenching machine set to carry out quenching, the quenching and cooling speed of the ERW welding pipe is greater than or equal to 5DEG C/s, and a quenched martensite organization is obtained after quenching; tempering is carried out after quenching, induction heating is carried out by adopting the induction heating equipment in the tempering, the heating temperature of the quenched martensite organization is 220DEG C to 440DEG C, the tempering time is 80 to 180s, and a tempered martensite organization is obtained; and finally, straightening, flaw detection, surface inspection and sampling inspection are carried out to finally obtain the cantilever steel pipe with excellent performance, high strength and high toughness. The invention has the advantages that the invention adopts a heat treatment method of induction heating to cause the heated cantilever steel pipe to be evenly heated, decomposes the residual austenite when obtaining the tempered martensite after induction tempering and has low equipment investment, little maintenance cost of the equipment, small occupation area and small environmental pollution.