The invention provides a rolling mill supporting roll precise grinding method. In the implementing process of the method, a roll grinder (4) is used, a dynamic and static pressing head frame (2) and adynamic and static pressing tail frame (3) are used for supporting a supporting roll (1), one end of the supporting roll (1) is machined firstly till the target diameter is reached, and then the supporting roll (1) is turned around to enable the other end of the supporting roll (1) to be machined till the target diameter is reached; and through the dynamic and static pressing head frame (2) and the dynamic and static pressing tail frame (3), the position, machined to be the target diameter, of the supporting roll (1) is supported, and then axial diameter grinding of other positions is conducted. According to the rolling mill supporting roll precise grinding method, one end of the supporting roll is machined firstly, then the supporting roll is turned around to enable the other end of thesupporting roll to be machined, and through the dynamic and static pressing head frame and the dynamic and static pressing tail frame, the position, machined to be the target diameter, of the supporting roll is supported; and through the grinding mode, grinding errors caused by supporting axial diameter original manufacturing errors can be eliminated, so that the requirement for high-precision grinding is met, and meanwhile the influence of supporting axial diameter sizes and the form and location tolerance of a traditional grinding mode on the grinding precision is eliminated.