The invention discloses an air brick used for a magnesium and carbon ladle, and a producing method thereof, aiming at producing high-quality air bricks used for the ladles. The mass percentage of the chemical compositions of the air brick is: 55 to 99 percent of MgO, 0 to 20 percent of C, 0 to 20 percent of AI2O3, 0 to 5 percent of ZrO2, 0 to 5 percent of AI, 0 to 5 percent of AI-Mg alloy, 0 to 5 percent of CaB6, and 0 to 2 percent of B4; the physical property indexes are: volume density (g/cm<3>): 3.00 to 3.15, apparent porosity (%): 1.5 to 5.0, cold compressive strength (MPa): 40 to 65, and distortion resistance at high temperature (MPa): 14.0 to 25.0. Raw materials adopted by the invention comprise fused magnesite, magnesite clinker, crystalline flake graphite, corundum, zirconia and oxidation inhibitor. The raw materials are added into a pug mill and externally added with a bonding agent for mulling. Mulled pug is added into a mould, and molded by utilizing isopressing equipment or a friction brick press or a hydraulic press. The invention obviously reduces the apparent porosity of the air brick, not only can improve the basic slag corrosion resistant capability of the air brick, but also can reduce the cost of the raw materials by more than two thirds.