The invention discloses steel for high-strength wear-resisting type ball grinder steel balls. The steel comprises, by weight, 0.9%-1.0% of C, 0.2%-0.4% of Si, 0.8%-1.2% of Mn, 1.0%-1.3% of Cr, 0.15%-0.23% of W, 0.04%-0.10% of Ti, 0-0.03% of P, 0-0.03% of S, and the balance Fe and a small number of impurities. The preparation method includes the steps that S1, smelting is performed, the W, Fe, Cr and Ti are smelted at first, and smelted molten steel is obtained; S2, refining is conducted, the smelted molten steel is transferred into a refining furnace, the C, Si, Mn, P and S and a refining agent are added for primary refining, and then the vacuum degassing and desulfuration procedures are carried out, so that refined liquid is obtained; and S3, the refined liquid is placed into a continuous casting machine, a casting blank is obtained by forming, cooling and cutting, and then the casting blank is subjected to rough rolling and finish rolling procedures so that the steel for the high-strength wear-resisting type ball grinder steel balls can be obtained. According to the steel, strength and hardness are high, the wear-resisting property is also high, and the service life is long; and purity is high, the degassing and desulfuration speed is also high, and the effect is good.