Production method of low-cost X52 pipeline steel and pipeline steel

The invention provides a production method of a low-cost X52 pipeline steel and a pipeline steel. The production method comprises the following steps: desulphurization, converter smelting and continuous casting are conducted on molten iron to prepare a pipeline steel continuous casting billet; the pipeline steel continuous casting billet is soaked to be at 1160-1200 DEG C, and roughly rolled for 3-7 times by a roughing mill to obtain an intermediate billet; the intermediate billet is finely rolled for 4-7 times by a finishing mill; the finely-rolled pipeline steel is quickly cooled to be at 550-610 DEG C at the cooling speed of 50-100 DEG C/s, and is rolled to obtain a pipeline steel finished product. No Nb is added to the low-cost X52 pipeline steel. Through the adoption of the production method of the low-cost X52 pipeline steel, the production cost of the X52 pipeline steel can be lowered, the production technique control is easy, and the adaptability is high.