The invention discloses a process for producing high magnetic ferroferric oxide by a galvanized pickle liquor. The process includes the steps of (1) directly reacting an iron containing pickle liquor produced by a galvanizing factory and an iron containing excess rust to consume a free acid; (2) filtering by a filter cloth with 800 meshes; (3) using a filter liquor containing ferrous chloride as a raw material, diluting, heating, stirring, neutralizing until potential of hydrogen (pH) of a system reaches to 5.0 to 10.0, then adding an auxiliary, using a nitrite as a catalyst, feeding air, and when the molar ratio between Fe3+ and Fe2+ in the system is in a range from 1.8 to 2.2, stopping reacting; (4) adding an alkaline liquor to control the pH of the system in a range from 10 to 12, performing a heat preservation, stirring, adding the auxiliary, placing naturally, performing a solid-liquid separation, and recycling the filter liquor; and (5) washing, drying, sieving and packaging to obtain the product. The process for producing the high magnetic ferroferric oxide by the galvanized pickle liquor has the advantages that the investment is small, the production costs are low, the efficiency is high, the product quality is good, the complete resource-recovering processing of an iron containing acid pickle can be achieved, and the like.