The invention discloses a circulating production process for an oriented structural board from timber offcut. The circulating production process comprises the following steps of offcut collection, offcut cooking, offcut barking, veneer rotary cutting, veneer drying, veneer neatening, gluing assembly, prepressing, hot pressing, edge cutting, inspection and grading, and packaging and storage. In theprocess of raw material treatment, the steps of offcut cooking and veneer drying are adopted, offcut cooking can effectively remove eggs hidden in the offcut, the service life of timber is effectively prolonged, and the performance of the timber is also promoted; wet drying is adopted for veneer drying, the situation that timber surfaces dry too fast and lead to dramatic surface shrinkage, deformation and cracking, causing product damage or degradation is avoided, or a crust is formed on the surface and prevents overflow of internal moisture; and adhesion agents are rearranged and have good adhesion and flame resistance, the performance of the oriented structural board after forming is guaranteed, meanwhile the formula of the adhesion agents does not contain formaldehyde or other toxic substances, and the environment friendliness of the oriented structural board is effectively promoted.