The invention discloses
rare earth steel and a preparation method of the
rare earth steel. The
rare earth steel comprises the following components of, in percentage by weight, 0.01%-0.05% of C, 0.15%-0.3% of Si, 0.4%-0.5% of Mn, 8%-10% of Cr, 2%-2.5% of W, 0.2%-0.25% of V, 0.05%-0.1% of Ta, 0.001%-0.01% of Zr, 0.3%-0.6% of Y<2>O<3> and the balance Fe; during preparation, Cr, W, Ta, Fe, Si, Mn andY are smelted into
metal mother liquor, then
mixed gas of CO<2> and Ar serving as an
oxidizing agent is introduced into the
alloy mother liquor, Y is oxidized into Y<2>O<3>, Zr, V and C are added,
casting is performed after melting down; electroslag remelting is carried out on a cast
ingot in a protective
atmosphere, purifying is carried out; austenitizing is carried out on a purified steel
ingot,then the steel
ingot is subjected to pressure
machining to form a steel plate,
water cooling is carried out after pressure
machining; and heat treatment is carried out on the steel plate obtained through pressure
machining, a
yttrium nanometer precipitated phase is precipitated from the steel plate, and the rare earth steel is obtained. According to the rare earth steel and the preparation methodof the rare earth steel, RAFM ( Reduced Activation Ferritic / Martensitic ) steel can be produced in a
smelting and
casting mode, the yield of the RAFM steel can be increased, and meanwhile the high-temperature
mechanical property of the RAFM steel is improved.