The invention discloses a substrate for a compressor shell and a production method of the substrate. The chemical composition and weight percentage of the substrate comprises the following: 0.03-0.06%of C, 0.15- 0.3% of Mn, no greater than 0.005% of N, no greater than 0.02% of P, no greater than 0.010% of S, no greater than 0.03% of Si, 0.02-0.06% of Als, 0.0015-0.0025% of B, no greater than 0.01% of S and the balance iron and the inevitable impurities, wherein B-N*11/14=0, and the substrate is prepared by steelmaking, hot rolling, leveling and pickling processes. According to the substrate,through reasonable composition design, steelmaking process route, roughing double-pass descaling, hot rolling low-temperature finishing rolling and low-temperature curling, after suitable pickling process and leveling process treatment, the substrate for the compressor shell and with high welding performance and punching performance is obtained, the yield strength of the substrate is 220-300 MPa,the tensile strength is greater than or equal to 300 MPa, and the elongation A80 is greater than or equal to 45%; and by means of the method, the substrate for the compressor shell and with high welding performance, molding performance and formed surface quality can be obtained, and high market potential is achieved.