Abstract: A low decarburization high toughness spring steel for an automobile suspending spring, and a manufacturing process therefor, are disclosed. In this steel, the effect of the sag resistance promoting element (Si) is maximized without reducing the carbon content, so that the problems of the decarburization and the lowering of the toughness (caused by the addition of silicon) should be solved during the manufacturing of the spring steel. The spring steel of the present invention is composed of in weight %: 0.5-0.7% of C, 1.0-3.5% of Si, 0.3-1.5% of Mn, 0.3-1.0% of Cr, 0.05-0.5% of V and/or Nb, less than 0.02% of P, less than 0.02% of S, 0.5-5.0% of Ni, and other indispensable impurities, the balance being Fe.