The present invention relates to an apparatus and a method for producing metal fiber, which can increase production efficiency of metal fiber using a metal plate, simplify manufacturing equipments and a controlling device. The method for producing metal fiber includes steps of: making a frame in a vacuum condition by removing the air; vertically inserting an end of a metal plate between two induction coils arranged horizontally at an interval in the inside of the frame and heating and melting the end of the metal plate with heat generated by the induction coils; gradually moving the metal plate downwardly and bringing the end of the metal plate into contact with blades of a rotary disk, the rotary disk being horizontally mounted at a lower portion of the induction coils in the inside of the frame and rotating in a high speed; and solidifying metal fiber separated by the blades of the rotary disk.