The invention relates to a processing process of a semi-steel cable outer conductor. A semi-steel cable comprises an inner conductor, an insulating layer and the outer conductor. The processing process comprises the following specific steps: S1, firstly, putting a pushed and certificated phi 2.98 mm core wire on a pay-off stand, adjusting laying tension as 10-20 N, wherein the core wire comprisesthe inner conductor and the insulating layer; S2, putting a metal tape with the width of 12 mm-14 mm and the thickness of 0.2 mm-0.4 mm on a tap putting rack, and adjusting the tap putting tension as15-30 N; carrying out metal tape trimming, wherein the width of the trimmed metal tape is 11-12 mm, then molding through a horn model, and opening a laser welder to carry out weld debugging; and S3, penetrating the core wire with the diameter phi of 2.98 mm into the metal tape, cladding, molding, welding and coining. The semi-steel cable manufactured by the processing process provided by the invention has the advantages of small radio frequency leakage and stable property. According to the invention, the quality stability, the production length and the manufacturing process can be greatly improved, the process loss is greatly reduced, and the manufacturing cost is effectively reduced.