The invention discloses a plug terminal and a method for making the same. The plug terminal comprises a terminal body and a copper sleeve or a copper head, wherein the terminal body is made from ferruginous material and comprises a head part made through a heading process, a wire splice part made through a thread rolling process, as well as a middle rod body; the outer surface of the terminal body is coated with a clad layer having solderability; the copper sleeve or the copper head is a sleeve body or a copper head sleeve body which is made of copper material and has a one-way opening; the outer surface of the copper sleeve or the copper head can be coated with a nickel coating; the head part of the terminal body, as well as a lining iron ring in the head part of the terminal body, is coated with the copper sleeve; the opening end of the copper sleeve is clamped at the upper end of the iron ring through a rolling-closing mode; the copper head and the terminal body are fixed through welding, riveting or threaded connection. After the structure is adopted, on the premise of guaranteeing the application effect of the plug terminal, the amount of the copper material used can be greatly saved, so as to achieve the objective of reducing production cost and strengthen product competitiveness. Meanwhile, the plug terminal is characterized in simple and easy manufacturing process, cheap manufacturing equipment and low manufacturing cost.