The invention provides an
oxide dispersion strengthened (ODS) steel preparing method and martensitic steel. The
oxide dispersion strengthened steel preparing method includes the steps that iron oxides are added into a
casting mould, a proper number of
rare earth elements are added into a fully deoxidized
molten steel, the mixture is rapidly cast into the
casting mould, and the ODS steel is obtained through the reaction between the
rare earth elements and the iron oxides. The martensitic steel is obtained by performing hot
forging, hot rolling, hot
machining and hot treatment on the ODS steel prepared through the method. The ODS steel prepared through the method is high in
hardenability, the residual austenitic content is very low, and a full
martensite structure can be obtained. W, V and Ta are strong
carbide forming elements and have a remarkable strengthening effect, and the
mechanical property is obviously higher than that of steel prepared through a traditional
smelting technology. Meanwhile, the ductile-brittle
transition temperature (DBTT) value is minus 80 DEG C and minus 90 DEG C, the good
toughness of the traditional
smelting technology is well inherited, and meanwhile good anti-
radiation performance is achieved. By means of the ODS steel preparing method, the demands for preparing ODS steel in batches with stability, short process and low cost can be met.