The invention discloses zirconium-containing electrothermal alloy. The zirconium-containing electrothermal alloy comprises, by mass, 0-0.03% of carbon, 19-22% of chrome, 3.3-3.6% of aluminium, 0.35-0.43% of zirconium, 0-0.5% of silicon, 0.2-0.6% of titanium, 0-0.5% of manganese, 0-0.004% of magnesium, 0-0.01% of sulphur, 0-0.03% of phosphorus and the balance Fe. The invention further provides a method for preparing the zirconium-containing electrothermal alloy through vacuum induction melting and electroslag remelting. The initial slag system CaF2-CaO-MgO-Al2O3-ZrO2 is extracted during electroslag remelting, in the temperature rise period of the initial stage of remelting, Al2O3 powder is additionally added into the slag, therefore the content of zirconium in ingots is controlled precisely, and the zirconium is distributed evenly. According to the alloy and the preparation method, a right amount of zirconium is added into the electrothermal alloy, so that the high-temperature oxidationresistance of the electrothermal alloy is improved, and the high-quality effect is achieved through process control.