Cold spin bonding is a new invented method for producing layered composite tubes based on flow-forming process. Bonding strength in this process is dependent to parameters such as initial thickness, rate of deformation, bonding temperature, initial strength, heat treatment temperature, duration of heat treatment and also production parameters like feed rate and spindle RPM. In the present work, effect of rate on thickness reduction, heat treatment temperature and duration of heat treatment on bonding strength of steel and aluminum have been studied. The strength of bonding which produced by cold spin bonding has been measured by peel test and structure investigation has been done by scanning electron microscopy. Among the parameters, heat treatment temperature and after that thickness reduction rate have the most effects on bonding strength and heat treatment duration has less effect in comparison. The results show that the increase of heat treatment temperature up to a certain level increase bonding strength, but above that level the strength will decrease. . This study also has shown that the best condition occur in %50 thickness reduction, heat treatment temperature of 475 degree and 120 minutes of heat treatment in which bonding strength reaches to yield strength of base metal.