The invention relates to an upward forming method of thermal dip-coating copper covered steel. The upward forming method mainly comprises the following steps: enabling a preheated steel bar to enter the bottom of a crucible; sequentially dipping and coating the preheated steel bar in copper water of the crucible; and vertically pulling out the preheated steel bar from the upper part of the crucible. An upward forming device corresponding to the method comprises a copper water pretreatment device, a steel bar pretreatment device, the crucible, a winding device, a graphite tube, an upper graphite tube, a cooling tube, a lifting tube and a lifting device. The method mainly changes the prior horizontal forming into vertical upward forming to equalize the surface periphery temperature and the surface heat absorption capacity of the steel bar, thoroughly solves the problem of eccentric copper coating, controls the preheating temperature, the copper water temperature, the dip-coating distance and the dip-coating speed of the steel bar in suitable ranges, not only enables a copper-steel interface to have enough bonding strength, but also effectively prevents phosphonium ions in the steel bar from entering to pollute the copper water, enables the copper covered steel product to have the advantages of high strength, high conductivity, low cost, and the like and is most suitable for being used as overhead conductors and lightning conductors of a power network.