A new kind of high strength, high toughness and high plasticity spring steel has been developed. The strength, the reduction of area and the elongation of the steel are all higher than those of the steel 60Si2CrVA. The decarburization resistance and the sag resistance are also higher than those of the steel 60Si2CrVA. It has good hardenability, and is suitable for making springs with big cross section. The bogie springs made of this kind of steel have passed 2×106 cycles without broken under the conditions of maximum stress of 906 MPa and the minimum stress of 388 MPa. A new kind of high strength, high toughness and high plasticity spring steel has been developed. The strength, the reduction of area and the elongation of the steel are all higher than those of the steel 60Si2CrVA. The decarburization resistance and the sag resistance are also higher than those of the steel 60Si2CrVA. It has good hardenability, and is suitable for making springs with big cross section. The bogie springs made of this kind of steel have passed 2 × 106 cycles without broken under the conditions of maximum stress of 906 MPa and the minimum stress of 388 MPa.