Abstract: The present invention relates to the production of a cold rolled steel sheet having good ageing resistance and small anisotropy and adapted for deep drawing, which properties can satisfy concurrently the demands for the deep drawability and ageing resistance of the cold rolled steel sheet to be pressed and used for automotive exterior plate. The present invention has concurrently and satisfactorily solved the problems in the above described good ageing resistance and anisotropy, which problems had not hitherto been solved in the conventional method, by a method wherein a cold rolled steel sheet having such a limited composition that contains not more than 0.004% of C, 0.002-0.010% of a total amount of at least one element selected from Nb, Ti, V, Zr and W, and further occasionally contains not more than 0.0050% of B, is subjected to a continuous annealing at a temperature within the range of 700-950.degree. C. in the production of the cold rolled steel sheet according to the conventional method.