A high toughness ferritic stainless steel having the excellent cold workability and the excellent heading workability suitable for the plastic working of screws, which consists essentially of, by weight percentage, C.ltoreq.0.03%, P.ltoreq.0.040%, S.ltoreq.0.010%, Si.ltoreq.1.0%, Mn.ltoreq.1.0%, 11.5%.ltoreq.Cr.ltoreq.22.0%, 0.05%.ltoreq.Nb.ltoreq.0.80%, N.ltoreq.0.025%, if necessary at least one selected from 0.2%.ltoreq.Cu.ltoreq.1.0%, 0.01.ltoreq.Mo.ltoreq.2.00%, 0.020%.ltoreq.Ni.ltoreq.1.50% and the balance being Fe and inevitable impurities, and the number of inclusions larger than 20 .mu.m amoung inclusions composed of carbo-nitrides of Nb, Ti and/or Zr in the steel is not more than 20. In the production of the high toughness ferritic stainless steel, the rolling material having the above-mentioned chemical compositions is heated to 1200.degree. C. or above at the rod rolling.