The invention discloses a moulding and flanging mould for machining automobile parts. The moulding and flanging mould for machining the automobile parts is formed by casting steel, and the steel comprises, by weight, 1.10-1.25% of C, 0.35-0.45% of Si, 0.40-0.50% of Mn, 1.35-1.65% of Cr, 0.35-0.55% of Mo, 1.2-1.6% of W, 0.15-0.25% of Ni, 0.25-0.35% of Cu, 0.8-1.2% of Ga, 1.8-2.6% of carbide, 2.15-2.35% of rare earth metals, less than or equal to 0.03% of S, less than or equal to 0.03% of P, and the balance being Fe. All components of the steel used in the moulding and flanging mould is reasonable in ratio, excellent in performance, little in friction coefficient of prepared mould, excellent in anti-fatigue performance, heat resistance performance and anti-pressing performance, long in service life, low in using cost and good in decarburization effect in the preparing process of molten steel.