Due to their exceptional all-around performance, steel/aluminum-alloy composite plates have been frequently utilized in many different industries. However, when steel/aluminum-alloy composite plates are prepared by the rolling process, they will scarcely bond with high bonding strength under a lower reduction rate due to the inconsistent deformation the of steel/aluminum-alloy. Therefore, a method of adding a pure-aluminum interlayer by differential temperature rolling with induction heating was proposed to prepare steel/aluminum-alloy composite plates. The results showed that when the induction heating time was 10–18 s, the pure-aluminum interlayer became molten, and the temperature difference between the steel and aluminum alloy reached 350–500 °C. The interface shear strength of the composite plate reached more than 68 MPa under a 31% reduction rate. The shear fracture of the composite plate occurred in the pure-aluminum layer, and the steel/aluminum interface diffusion layer was 0.83–0.99 μm thick. There was no obvious compound formation at the bonding interface, however, the steel and aluminum alloy could not bond without the addition of an interlayer under the same conditions.