The invention discloses calcium pressing refining slag for steel production and a preparation method thereof. The refining slag comprises the following components: 30-50% of CaO, 30-50% of Al2O3, not more than 6.0% of SiO2, not more than 2.0% of F<->, 4-6% of MgO, not more than 12% of alkali and not more than 5% of the balance. The production raw materials are industrial wastes rich in calcium oxide and alumina. The preparation method comprises the following steps: grinding the raw materials to powder, mixing according to a certain proportion, and pressing to blocky refining slag rich in CaO and Al2O3 at a predetermined particle size by a high pressure granulator. The refining slag, provided by the invention, has the advantages of stable performance, no degeneration, no water absorption, no dusting, low fluorine, convenience for storage and transportation, and convenience for environmental protection; slugging is promoted and the smelting time is reduced in a steel production process, and the molten steel is refined and desulfurized in a steel discharge process or in an LF furnace.