The invention provided twin induced plastic steel with a high elongation percentage and a high hole expansion rate and a manufacture method thereof, the steel consists of 0.30 to 0.70 % of carbon, less than or equal to 1.0 % of silicon, 10 to 20% of manganese, less than or equal to 1.0 % of aluminum, 0.005 to 0.20% of polonium, 0.005 to 0.30% of Ra, 0.004 to 0.05% of nitrogen, less than or equal to 0.2% of niobium, less than or equal to 0.3 % of vanadium, less than or equal to 1 of copper and the balance of Fe. The method comprises the following steps of: (1) smelting: smelting by a vacuum furnace, allowing the molten steel to stand for 3-5 min, casting at a casting temperature of 1450-1550 DEG C; (2) hot rolling: heating the casting blank at a temperature of 1150 to 1200 DEG C, with a heating rate of 10-15 DEG C / min, performing heat preservation for 20 to 40 minutes, rolling at an initial rolling temperature of 1150-850 DEG C, stopping rolling at a finishing rolling temperature of 900-600 DEG C, rapidly cooling to room temperature at a rate of more than or equal to 20 DEG C / second after rolling; (3) cold rolling: performing cold rolling with a reduction ratio of the hot rolled plate being 40%-80% ; (4) heat treatment: performing heat treatment at a temperature of 600 to 1000 DEG C, rapidly cooling to room temperature at a rate of more than or equal to 20 DEG C / second after heat preservation for 3 to 10 minutes. The steel of the invention has low cost, a simple method, good quality of the product surface, an excellent processing property and an integrated mechanical property.