The invention provides a lacquer-coated strapping steel having the thickness of 0.5 mm and the tensile strength of greater than or equal to 1000 MPa. The lacquer-coated strapping steel is composed of the following components by weight percent: 0.22-0.30% of C, 1.7-2.2% of Mn, 0.005-0.010% of Si, less than or equal to 0.015% of P, less than or equal to 0.015% of S, 0.050-0.070% of Als and 0.052-0.080% of Nb. The production method comprises the following production steps of smelting and conventionally heating a continuous casting;roughing; carrying out finish rolling; carrying out curling, hot rolling and acid washing; carrying out cold rolling; and belting. The obtained product lacquer-coated strapping steel achieves that the tensile strength is greater than or equal to 1000 MPa, the percentage elongation is greater than or equal to 10%, the times repeated bending are not less than 10, and no layering brittle failure phenomenon occurs. Even through the lacquer-coated strapping steel is placed in the indoor atmospheric environment for 2 months, no obvious rusting is found; therefore, the lacquer-coated strapping steel is excellent in corrosion resistance and completely meets the curling, strapping and packaging requirements of a large-curled heavy cold rolled sheet.