The invention relates to 
rare earth containing H profile steel with high strength and high 
toughness and a production method thereof, and belongs to the technical field of 
metallurgy and moulding. The 
raw material comprises 90wt% of 
blast furnace molten iron and 10wt% of high quality steel 
scrap. The 
casting blank comprises the following components in percentage by weight: 0.07-0.12% of C, 0.10-0.30% of Si, 1.40-1.70% of Mn, less than or equal to 0.020% of P, less than or equal to 0.010% of S, 0.30-0.60% of Cr, 0.20-0.50% of Ni, 0.06-0.20% of V, 0.01-0.03% of Ti, 0.01-0.01% of Al, 0.0005-0.010% of 
rare earth element RE, less than 0.10% of Cu and the balance of Fe and microelements which cannot be detected. The process flow is as follows: molten iron pre-treatment; 
smelting by a top-bottom combined blowing converter; refining by an LF (
Ladle Furnace); VD (Vapor 
Distillation) vacuum treatment; 
continuous casting of square billets; 
cutting; heating the 
casting blank; dephosphorization by 
high pressure water; BD1 cogging; BD2 central rolling; dephosphorization by 
high pressure water; CCS (Cold Crushing Strength) universal rolling; straightening; cooling; flaw detection; and saw 
cutting. The mechanical properties of the steel are as follows: the yield strength is 490-570MPa, the strength of extension is 660-750Mpa, the 
yield ratio is greater than or equal to 0.80, the 
ductility is greater than or equal to 25%, and the horizontal 
impact value: aKV is greater than or equal to 100J / cm<2> (minus 40 DEG C). The product provided by the invention has the characteristics of low content of 
impurity elements, high strength, good 
toughness and excellent 
welding performance.