Disclosed is a production process of a steel product for induction hardening and a steel product for carburizing, having improved grain size properties and machinability. This production process comprises the steps of: providing an ingot or bloom comprising a steel comprising, by weight, carbon (C): 0.10 to 0.45% or 0.25 to 0.70%, silicon (Si): 0.03 to 1.0%, manganese (Mn): 0.2 to 2.0%, titanium (Ti): 0.05 to 0.2%, aluminum (Al): 0.005 to 0.05%, and nitrogen (N): not more than 0.01% with the balance consisting of iron (Fe) and unavoidable impurities; and subjecting the steel ingot or bloom to a series of hot working steps including the step of rolling the steel ingot or bloom into a semi-finished steel product, the step of rolling the semi-finished steel product into a steel bar or wire rod, and the step of forging the steel bar or wire rod into a product. In the above series of hot working steps, the steel is given a thermal history in which said steel is at least once heated to 1,250.degree. C. or above, is cooled to room temperature, and is then reheated to a temperature range of 800 to 1,100.degree. C.