Light olefins are the main building blocks used in the petrochemical and chemical industries for the production of different components such as polymers, synthetic fibers, rubbers, and plastic materials. Currently, steam cracking of hydrocarbons is the main technology for the production of light olefins. In steam cracking, the pyrolysis of feedstocks occurs in the cracking furnace, where hydrocarbon feed and steam are first mixed and preheated in the convection section and then enter the furnace radiation section to crack to the desired products. This paper summarizes olefin production via the steam cracking process; and the reaction mechanism and cracking furnace are also discussed. The effect of different operating parameters, including temperature, residence time, feedstock composition, and the steam-to-hydrocarbon ratio, are also reviewed.