The microstructure evolution and tensile properties of ZK60 magnesium alloy after equal channel angular pressing (ECAP) have been investigated. The results show that the two-step ECAP process is more effective in grain refinement than the single-step ECAP process due to the lower deformation temperature, a mean grain size of ~0.8 μm was obtained after two-step ECAP process at 513 K for four passes and 453 K for four passes. The EBSD examination reveals that ZK60 alloy after two-step ECAP process exhibits a more homogeneous grain size and misorientation distribution than single-step ECAP process. Both alloys after ECAP process present similar strong {0002} texture. The tensile strength of two-step ECAP alloy has also been improved compared with the single-step ECAP alloy. The strengthening effect was mainly ascribed to grain refinement.