The invention discloses IF cold rolling steel with the tensile strength larger than or equal to 440 MPa. The steel comprises, by weight percent, 0.001 to 0.003% of C, 0.07 to 0.10% of Si, 0.70 to 0.90% of Mn, 0.020 to 0.045% of Als, 0.060 to 0.075% of P, not larger than 0.010% of S, 0.0005 to 0.0013% of B, not larger than 0.02% of Nb, and not larger than 0.03% of Ti. A production process comprisesthe steps of conventional smelting and casting to form a blank; rough rolling and finish rolling; segmented cooling to the coiling temperature; reeling a hot rolling plate; acid picking; cold rolling; and reeling a cold rolling plate. On the premise of ensuring the use mechanics of the steel plate, the mechanical property is small in fluctuation, the cold rolling rate is improved to not lower than 20%, the rolling speed can be stabilized to above 500 m/min, the thickness precision can be controlled to be within 15 micrometers, the strip steel rolling process is stable, the strip steel thickness is reduced, the fluctuation is stable, and the plate shape is greatly improved.