To prevent asphalt pavement from cracking under low temperatures and prolong its fatigue life, we tested the properties of a new type of steel fiber asphalt pavement. The tests evaluated Marshall stability, dynamic ruts, and cleavage strength under both low and normal temperature conditions. We also analyzed the anti-corrosion property of steel fiber and the factors affecting the properties of the steel fiber asphalt mixture. The steel fiber asphalt pavement was installed on a highway in Chongqing, P. R. China to investigate the construction art of the steel fiber asphalt mixture and examine its effect in field use. The test results and concrete use in the field show that the cleavage strength and flexibility of steel fiber asphalt concrete increase due to the action of steel fiber. We conclude that the anti-cracking capacity of asphalt pavement under low temperature conditions can be improved by steel fiber. The construction art of steel fiber asphalt pavement is the same as common asphalt pavement without the necessity of anti-corrosion processing for steel fiber. The research results are useful for pavement material selection in low temperature regions and heavy traffic road pavement designs.