The invention relates to a hot rolled wire rod for ultra-low carbon steel fibers and a production method of the hot rolled wire rod. The wire rod comprises the chemical components of, by mass, less than or equal to 0.010% of C, less than or equal to 0.03% of Si, less than or equal to 0.20% of Mn, less than or equal to 0.020% of P, less than or equal to 0.020% of S, greater than or equal to 0.02% of Alt, 0.05-0.12% of Ti and the balance iron and inevitable impurities. The production method comprises the procedures of continuous casting, cogging, heating, rolling, spinning and cooling. By adding the Ti elements to ultra-low carbon steel, through low-temperature rolling, uniform ferrite and pearlite structures are generated, effective combination of strength and plasticity is achieved, thus, the tensile strength of the wire rod with the specification being phi 7.0 mm is 310-360 MPa, the percentage elongation after fracture is greater than or equal to 50.0%, 1300-MPa-class steel fibers are allowed to be produced through the wire rod with the large specification under the condition that existing equipment of downstream customers is not changed, the purchase cost is lowered, and the downstream customer selectivity is increased.