The invention discloses an environment-friendly slagging heat-preservation agent used for blast and medium-furnace iron making and a preparation method thereof. The environment-friendly slagging heat-preservation agent is prepared from the following raw materials in parts by weight: 35-45 parts of flue ashes, 15-25 parts of fluorine-sodium carbon, 20-30 parts of vermiculite soil, 2-6 parts of graphite, 8-12 parts of wollastonite and 1-3 parts of adhesive. The preparation method of the environment-friendly slagging heat-preservation agent comprises the following steps: firstly, preparing raw materials into powder with grain size of 20-100 meshes, stirring and mixing for 7-15 minutes, spraying water accounting for 7%-13% mass of the total raw materials, and continuously stirring for 7-15 minutes; then, pelletizing; and finally, drying at 30-40 DEG C to prepare the product. According to the environment-friendly slagging heat-preservation agent and the preparation method thereof disclosed by the invention, the adopted flue ashes, the fluorine-sodium carbon, the vermiculite soil, the graphite, the wollastonite and the adhesive are taken as the raw materials, so that in a manufacturing process, the flue ashes, the fluorine-sodium carbon, the vermiculite soil, the acidified graphite and the wollastonite can be sufficiently adhered by using the adhesive; on the other hand, in a using process, the raw materials of the product do not produce dust and smoke, so that the product is free of dust and smoke in the using process, and free of environmental pollution.