Abstract: A continuous casting and rolling apparatus includes: a continuous casting device; a cutting device that is disposed at the output side of the continuous casting device and cuts an inner slab produced from the continuous casting device; a rolling device pressing down on the slab and disposed downstream of the continuous casting device in the moving direction of the inner slab; a tunnel furnace which is disposed between the cutting device and the rolling device and heats the slab disposed on the main path of the inner slab that is transferred from the continuous casting device to the rolling device; and a loading adjustment unit which is disposed adjacent to the tunnel furnace and unloads the slab from the main path from the outlet side of the tunnel furnace and loads the slab onto the main path from the inlet side of the tunnel furnace.