The present invention provides a spring steel having both a high strength and a good coiling property after heat treatment, characterized by: containing, in mass, C: 0.4 to 1.2%, Si: 0.9 to 3.0%, Mn: 0.1 to 2.0%, P: 0.015% or less, S: 0.015% or less, Cr: 2.5% or less, and N: 0.001 to 0.015%, with the balance consisting of Fe and unavoidable impurities; and, in the microstructure of the steel after hot rolling, the density of globular cementite carbides 0.2 to 3 μm in circle-equivalent diameter being 0.5 piece/μm2 or less and the density of globular cementite carbides over 3 μm in circle-equivalent diameter being 0.005 piece/μm2 or less.