The invention discloses medium manganese steel. The medium manganese steel comprises the following components in percentage by weight: 0.9 to 1.1 percent of carbon (C), 6 to 8 percent of manganese (Mn), 0.3 to 0.6 percent of silicon (Si), 1.0 to 1.2 percent of chromium (Cr), 0.2 to 0.4 percent of percent (MO), less than or equal to 0.04 percent of phosphorus (P), less than or equal to 0.04 percent of sulphur (S), and the balance of Fe. A preparation method comprises the following steps of: selecting raw materials; smelting, and yielding water after ensuring that the components are qualified, wherein the water yielding temperature is controlled at 1,650 DEG C, and casting; molding, coating after molding, assembling molds and casting; removing sand: cleaning cast burrs, and performing polishing inspection; preserving the heat, stacking casts with sand cleaned in a high-temperature heat treatment furnace, sealing a furnace door, raising the temperature, preserving the heat after the temperature is raised to 1,100 DEG C, preserving the heat for 6 hours, quickly discharging the casts, and putting the casts into water for quenching; and cleaning surfaces again, and inspecting, accepting, warehousing, stacking, classifying and warehousing products. The medium manganese steel has the advantages of ensuring high impact resistance and abrasion resistance of manganese steel; having a simple production process, low production cost and a good market prospect.