The invention relates to the technical field of material crushing and drying, in particular to a slurrying steam flow crushing and drying machine which comprises a slurry storage cylinder, a heater, an air mill and a drying and collecting machine which are sequentially communicated, the slurry storage cylinder is connected with a slurry inlet pump and a slurry inlet pipe, and the slurry inlet pump is connected with the slurry storage cylinder and the heater through the slurry inlet pipe; materials in the slurry storage cylinder are conveyed into the heater to be heated; the air mill comprises a machine shell, a main shaft, a rotating target, a plurality of Laval nozzles, a classifying screen and a first driving mechanism used for driving the main shaft to rotate, the main shaft is rotatably and longitudinally arranged in the machine shell, the main shaft penetrates through and fixes the rotating target and the classifying screen, the classifying screen is located above the rotating target, and the Laval nozzles are arranged around the circumferential side of the rotating target. Each Laval nozzle is communicated with an outlet of the heater through a steam slurry pipe; a discharging port is formed in the position, located above the classifying screen, of the machine shell and connected with a drying and collecting machine through a discharging pipe, and the drying and collecting machine is provided with an exhaust mechanism for conducting air draft on the discharging pipe. And the cost is low, and the crushing efficiency is high.