The invention relates to a steel with the yield ratio of 0.9 or more used for an ultra-fine grain slideway and a production method thereof. The steel mainly comprises the following components in percentage by weight: 0.03-0.07% of C, less than or equal to 0.03% of Si, 0.50-0.80% of Mn, 0.02-0.07% of Al, less than or equal to 0.03% of P, less than or equal to 0.015% of S, 0.02-0.07% of Nb, less than or equal to 0.06% of Mo and the balance of Fe and impurities. The production steps comprise hot metal desulphurization, converter smelting, ladle argon blowing, continuous casting, casting blank heating, hot rolling, reeling, ordinary scouring, cold rolling, continuous annealing, and leveling for stand-by. The defects that the existing same-level high-strength steel is low in yield and the specification and the welding of hot rolling materials are difficult to meet are overcome. The yield ratio of the steel disclosed by the invention achieves 0.9 or more, the grain size of the steel achieves 13 or more, and a steel plate has high yield ratio, appropriate elongation and good spot welding property.