The rolled sheet was successfully prepared for the as-cast AM60B magnesium alloy by using the high strain rate rolling (HSRR) in the temperature range of 310 degrees C - 370 degrees C. An ultrafine lamellar structure consisting of small angle grain boundaries was developed in the HSRRed sheet by the detwinning of high-density twins. The ultrafine lamellar structure was characterized by means of the high-resolution transmission electron microscopy technique, and the effect of temperature on the detwinning was analyzed. Furthermore, the morphological difference of the ultrafine lamellar structure and its effect on the mechanical properties of the rolled sheet were investigated. The results show that the dislocation motion, cross twinning, dynamic recovery and dynamic recrystallization have multiple interactions with the detwinning behavior in different modes. And the degree of detwinning and the post-rolling microstructure are greatly affected by the interaction. Dynamic precipitation of the second phase is induced by the HSRR process at 370 degrees C. Nano particles precipitate along twin grain boundaries and form the 'precipitation band'. However, the detwinning is not affected by the 'precipitation band'. In addition, it is also revealed from the results that a uniform and fine fully-lamellar structure is developed as the HSRR process is conducted at a medium temperature of 340 degrees C. Meanwhile, the alloy rolled at 340 degrees C has relatively optimal mechanical properties, and the strength and ductility are well balanced.