Provided is a device for forming a special giant all-steel radial OTR tire in a continuous process, the device comprising a first base guide rail, a second base guide rail, a headstock, a main building drum, a belt housing, a belt drum and an overhead rail. The first base guide rail and the second base guide rail are parallel to each other. The overhead rail comprising a first traveling unit and a second traveling unit are disposed above the first base guide rail and the second base guide rail. A method for forming a special giant all-steel radial OTR tire in a continuous process is also provided.