The invention relates to a welding flux used for ferrum-based material heat-released jointing and an igniting agent of the welding flux. The welding flux and the igniting agent aim to solve the problems that supply of welding fluxes special for heat-released jointing of ferrum-based materials is not enough, welding joints acquired through prior heat-released jointing welding fluxes contain impurities, large residual stress is caused by difference in coefficients of thermal expansion, and welding joint performance is poor. The welding flux used for ferrum-based material heat-released jointing is composed of ferric oxide powder, 304 stainless steel powder, commercial-purity aluminum powder, niobium powder, copper powder, ferrosilicon powder, ferromanganese powder, fluorite powder, marble powder and lanthanum-cerium alloy powder. The igniting agent of the welding flux used for ferrum-based material heat-released jointing is composed of magnesium powder, barite powder, commercial-purity aluminum powder, red phosphorus powder and fluorite powder. In the using process, the weight ratio of the welding flux used for ferrum-based material heat-released jointing to the igniting agent is (50-60):1. The welding flux and the igniting agent are used for ferrum-based material jointing.