The present invention relates to the providing of a rolling mill that makes it possible to more accurately control the shape of a plate material than has hitherto been possible, and to a rolling method, and is a rolling mill that rolls a plate material using vertical work rolls, and that includes: a coolant jet spray unit that has a plurality of nozzles that are arranged at predetermined intervals in the direction of the rotation axis of the work rolls, and that sprays jets of coolant from the respective nozzles onto the work rolls; a roll temperature estimation unit that estimates a mean temperature of the work rolls; a coolant temperature detection unit that detects a temperature of the coolant; a shape detection unit that detects the shape in the width direction of the rolled plate material; a shape deviation calculation unit that calculates an amount of deviation between a plate material shape detected by the shape detection unit and a target shape; and a shape control unit that controls the shape of the plate material by controlling the spray quantity and/or temperature of the coolant which is sprayed from the coolant jet spray unit based on a difference between the mean temperature of the work rolls and the temperature of the coolant, and on the amount of deviation between the plate material shape and the target shape.