The invention relates to a low-temperature, high-intensity, high-toughness steel and the making method thereof, applicable to the environment down to -60 deg.C, adopting low-carbon Cr-Ni-Si-Mn-Mo-V alloy, and its chemical composition includes in mass percent (mass%): C: 0.16-0.24,Si:1.0-1.4, Mn:1.10-1.50,Cr:0.80-1.20,Ni:1.00- 1.40,Mo:0.20-0.40,V:0.05-0.20,S=<0.035,P=<0.035,Cu =<0.050, and the rest Fe. And its making method comprises: (1) smelting; (2) forging: heating at 1280-1320deg.C, where initial forging temperature: 1100-1250deg.C, final forging temperature >=850deg.C; annealing after forging, where heating temperature: 700+-30deg.C, and tapping temperature =<300deg.C; (3) thermal treatment: normalizing: air cooling at 930-950deg.C; tempering: air cooling at 790-720deg.C; quenching: oil cooling at 900-930deg.C; and tempering: air cooling at 200-260deg.C; (4) supersonic crack detection and magnetic particle crack detection. And it is especially applied to the materials for flying rings, hocks, pin shafts, etc, in the lifting systems of mechanical facilities.