The invention discloses a Ti microalloying 540MPa-level high reaming steel belt and a production method thereof. The steel belt comprises, by mass percent, 0.07%-0.11% of C, 1.00%-1.30% of Mn, not larger than 0.015% of S, not larger than 0.020% of P, 0.05%-0.12% of Si, 0.015%-0.040% of Als, 0.020%-0.040% of Ti, not larger than 0.0050% of N, 0.30%-0.36% of Ceq and the balance iron and inevitable impurities. The production method comprises the procedures of converter smelting, LF refining, continuous casting, heating, rough rolling, finish rolling, cooling and coiling. Low carbon, conventional manganese and titanium alloy components are adopted for design, through a cooling path and medium-temperature coiling control, the obtained steel belt is suitable for producing Japanese automobile axlefront brackets and other automobile stamped parts, the body weight can be reduced easily, and fuel consumption can be reduced.