The invention provides a steel bar with high weather resistance, low cost and seawater corrosion resistance and a production process. The steel bar comprises the following elementary compositions of,by weight, 0.04%-0.10% of C, 0.10%-0.50% of Si, 0.5%-1.6% of Mn, 0.03% or less of P, 0.02% or less of S, 2%-4% of Cr, 0.3%-0.5% of Cu, 0.2%-0.6% of Ni, and the balance Fe and inevitable impurities. According to the steel bar, the mechanical property meets the requirement of the steel bar for corrosion resistance, the aging strain is low, and the corrosion rate is lower than 70% that of common steel bars. The technical path of the process comprises a 70-ton ultrahigh-power electric furnace, LF ladle refining, deoxidation and alloying after steel discharging, argon blowing, continuous casting of165 square billets at four streams by four machines, a heat accumulating type stepping heating furnace, 18 non-twist tandem mills, controlled-rolling and controlled-cold cooling, finishing, packagingand storage.