The present invention provides a non-oriented silicon steel with excellent magnetic properties and a manufacturing process therefor. During the manufacturing process of the present invention, the temperature T of the molten steel of steel tapped from a converter during steelmaking and the carbon content [C] and the free oxygen content [O] comply with the following formula: 7.27×103≦[O][C]e(−5000/T)≦2.99×104, and the final annealing step uses tension annealing at a low temperature for a short time. A non-oriented silicon steel with a low iron loss, and excellent anisotropy of iron loss can be obtained by means of the manufacturing process of the present invention.