The invention belongs to welded structural steel with high strength and low yield ratio and a production method thereof, aiming at solving the defects that a steel plate or a steel coil with the specification smaller than 25mm can only be produced, the process is long, and the like. The invention adopts the measures that the welded structural steel contains chemical components by weight that: 0.04-0.10 percent of C, 0.60-2.00 percent of Si, 1.50-2.50 percent of Mn, less than or equal to 0.030 percent of P, less than or equal to 0.010 percent of S, 0.20-0.50 percent of Cu, 0.40-0.80 percent of Cr, 0.35-0.80 percent of Ni, 0.0008-0.0030 percent of B, and at least three of the following components: less than or equal to 0.60 percent of Mo, 0.015-0.060 percent of Nb, 0.030-0.120 percent of V, less than or equal to 0.030 percent of Ti, less than or equal to 0.040 percent of Als and less than or equal to 0.010 percent of Zr, and the rest is Fe and unavoidable impurities; and meanwhile, Mn and Cr also need to satisfy the condition that Mn and Cr are equal to 2.20-2.80 percent, and the welding cold crack sensitivity coefficient Pcm is equal to C plus Si/30 plus (Mn plus Cu plus Cr)/20 plus Mo/15 plus Ni/60 plus V/10 plus 5B and is less than or equal to 0.30 percent; the production method comprises the following steps of heating a steel billet, rough rolling, finishing rolling, relaxing and laminar cooling, and the laminar cooling comprises the following steps of slow cooling, quick cooling and natural cooling to room temperature.