The invention relates to a fork-lift truck steering knuckle cast steel material and a preparation method thereof. The fork-lift truck steering knuckle cast steel material contains, by weight, 0.15-0.35% of carbon, 1.2-1.4% of silicon, 4.2-4.5% of manganese, 0.01-0.03% of phosphorus, 0.015-0.04% of sulfur, 3.2-3.5% of chromium, 0.1-0.3% of cooper, 1.2-1.4% of vanadium, 0.4-0.6% of molybdenum, 2.5-2.7% of tungsten, 0.3-0.4% of Ni, 0.2-0.3% of As, 0.6-0.8% of Hf, 0.1-0.15% of Bi, 0.26-0.36% of Be, 0.23-0.29% of Pb, and the balance of iron. The cast steel material has characteristics of wear resistance, high impact toughness, high strength, high cast initial hardness, high yield strength, and deformation fracture resistance.