The invention discloses a sink roll shaft sleeve which is composed of 0.24%-0.45% of C, 0.60%-2.0% of Mn, 0.80%-1.10% of Si, 0.02%-0.12% of Zr, 0.035%-0.080% of Al, 2.7%-3.5% of Cr, 0.75%-1.60% of Ni, 0.02%-0.03% of Y, 0.5%-2.5% of Mo, 0.03%-0.55% of Nb, 2.5%-3.3% of B, 0.003%-0.01% of N, less than 0.035% of P, less than 0.045% of S and the balance of Fe. By adding the boron element on the basis of the low-carbon high-speed steel, the sink roll shaft sleeve has excellent liquid zinc corrosion resistance on the premise of keeping favorable high-temperature red hardness of the high-speed steel. Besides, proper amounts of yttrium, magnesium, calcium, titanium, niobium and potassium are also added to mainly perform the functions of removing oxygen and sulfur, refining the structure and improving the inclusion morphology and distribution, thereby being beneficial to enhancing the mechanical properties of the sink roll shaft sleeve and especially the obdurability of the sink roll shaft sleeve.