The invention discloses a method for preparing an ultra-low-
oxygen bearing steel cast 
ingot through vacuum induction 
smelting. The method comprises the following steps that (1), raw materials, 
metal aluminum and a 
rare earth magnesium deoxidizing agent are prepared according to bearing steel components; (2), 
metal aluminum, a 
rare earth magnesium deoxidizer, volatile or oxidizable raw materials in the raw materials and a second part of 
carbon source are separately placed in a stock bin; the rest raw materials and a first part of 
carbon source are put into a 
crucible; (3), a 
vacuum induction furnace is started, vacuumizing is carried out, heating is carried out until the materials are melted, and 
argon is introduced (4), after the materials are completely molten, the second part of the 
carbon source is added into the 
crucible, and vacuumizing is carried out for vacuum deoxidation; (5), 
argon is introduced, the 
metal aluminum is added, and aluminum deoxidation is carried out; (6), the 
rare earth magnesium deoxidizer is put into the 
crucible for rare earth magnesium 
deoxidization; and (7), pouring is carried out. The three-step deoxidation enables the 
chemical reaction to be sufficient, reduces the content of 
oxygen and 
sulfur in steel, reduces the integral number of inclusions in the steel, and improves the solidification structure of the cast 
ingot.