The invention relates to ultrahigh-malleability tunnel supporting anchor pile steel of converter continuous cast billet and a production method, which belongs to the technical field of a mine anchor rod. The anchor rod steel comprises the following components by weight percent: 0.5 to 0.70 percent of carbon, 0.15 to 1.20 percent of silicon, 0.5 to 2.5 percent of manganese, less than or equal to 0.045 percent of phosphorus, less than or equal to 0.045 percent of sulfur, 0 to 1.00 percent of chrome, 0 to 1.00 percent of nickel, 0 to 1.00 percent of molybdenum, 0 to 0.30 percent of copper, 0.03 to 0.40 percent of vanadium, 0.01 to 0.2 percent of aluminum, 0 to 0.10 percent of titanium, 0 to 0.10 percent of boron, 0.001 to 0.0 percent of niobium, 0.004 to 0.020 percent of nitrogen, and iron for the surplus; the yield strength Rel is larger than or equal to 600 MPa, the percentage elongation delta 5 is larger than or equal to 20 percent, the impact strength is 20 DEG C, Akv is larger than or equal to 27 J, and the breaking load is larger than or equal to 300 KN. By adopting the production process flow of converter crude metallurgy, LF furnace fine metallurgy and full protection continuous casting, the steel grade has the advantages that the purity is high, the structure is dense, the grain is fine, the physical chemistry properties of the steel are stable, the over-all mechanical property is good, the production operation and process flow are simple, and the rolled metal finished product can be directly used without heat treatment to the rear part.