The invention provides an aluminum calcium deoxidization desulfuration slagging agent for quick deoxidizing, quick desulfurizing, removing foreign matters in molten steel and effectively improving inherent quality of steel in metallurgy.The main technical point is that weight parts of each component are calcium carbide of 1, calcium-aluminum alloy and calcium-aluminum slag of 6-14, calcium-silicon alloy and calcium-silicon slag of 2-6, lime or iimestone of 1-6, aluminum and AD powder of 1-4.According to the invention, process steps of material selecting, pulverizing, drying, ingredient mixing and the like are performed according to the above matching, production processes of LF(VD), CAS, RH and the like can be all adapted, therefore, technique effects of shortening the refining operation period, reducing material consumption of deoxidization, accelerating slag forming speed and arc burying speed, reducing electricity consumption and reducing temperature of molten steel; by replacing CaF2 by CaC2, the furnace liner is protected effectively, service life of the furnace liner can be assured, and the production cost can be reduced. The preparation method of the invention is simple and the deoxidization and desulfuration guideline of the product exceeds that of the existing product.