The invention discloses a storage iron runner castbale produced by adopting a waste iron runner material. The storage iron runner castable comprises the following components in parts by mass: 15-20 parts of waste iron runner material, 20-30 parts of brown fused alumina particles, 3-5 parts of brown fused alumina fine powder, 5-10 parts of electric smelting compact corundum particles, 2-5 parts of electric smelting compact corundum fine powder, 3-5 parts of magnesia-alumina spinel, 10-20 parts of silicon carbide, 2-5 parts of silicon powder, 1-2 parts of activated aluminum oxide micro powder, 4-6 parts of crystalline flake graphite, 0.5-1 part of a silane coupling agent, 3-8 parts of aluminate cement, 1-4 parts of a compound water reducer, 1-2 parts of a compound antidetonant, and 1-2 parts of an antioxidant. The storage iron runner castable makes full use of the waste material, thus greatly lowering comprehensive cost; due to the materials of the different particle sizes, the construction efficiency is improved; for the addition of the crystalline flake graphite and magnesia-alumina spinel powder, the molding density of the castable is improved, the castable is promoted in sintering, and the density, strength, volume stability and residue resistance of the castable are improved.