The purpose of this study was to develop a cold rolling oil with lubri
city and mill cleanness property under the rolling conditions of high
reduction ratio and high rolling speed. Seven kinds of test oils compo
sed of various base oils, emulsifiers, EP additives, anti-oxidants etc
. were blended. Evaluation of lubricity and anti-seizure property of t
he test oils was carried out with a laboratory scale rolling mill, whe
re the contact conditions between work roll and strip are very close t
o those of an actual cold rolling mill. Laboratory evaluation for disp
ersibility, anti-contaminantion property, rust prevention property, re
sidual carbon, etc. were carried out with several testers such as a lo
ng-term circulation tester, the oxidation stability tester and the Con
radson residual carbon tester. Finally, a new high speed cold rolling
oil with good lubricity and mill cleanness property was developed by r
eferring to the previously developed high speed cold rolling oil.