The invention belongs to the field of development of high temperature bearing steel, and mainly relates to a preparation method of bearing steel capable of resisting high temperature of 400 DEG C. A bearing machined from the bearing steel can be used at the high temperature of 400 DEG C. The high temperature bearing steel is subjected to dual-vacuum
smelting through a
vacuum induction furnace and a vacuum electroslag remelting, and is prepared from 4.5 to 5.28 percent of Cr, 3.75 to 4.10 percent of Mo, 0.56 to 0.80 percent of V, 0.30 to 0.34 percent of Mn, 0.21 to 0.26 percent of Ni and 0.2 to 0.29 percent of Si. A
thermal treatment process comprises the following steps: heating the bearing steel to 800 to 870 DEG C for heat preservation, cooling the bearing steel to 700 to 800 DEG C for
isothermal annealing, and then slowly cooling the bearing steel to
room temperature; heating the bearing steel to 1,050 to 1,070 DEG C for
solution treatment, and carrying out heat preservation and oil
quenching in sequence; and heating the bearing steel to 510 to 550 DEG C for
tempering for 2 to 2.5 hours, and then carrying out
tempering for three times according to the process. According to the novel high temperature bearing steel disclosed by the invention, by reduction of the
vanadium content, carbides can be thinned and dispersed, so that generation of fatigue crack sources can be reduced; meanwhile, the
hardness is further improved; and the
room temperature hardness is not less than 62 HRC, and the
hardness at the high temperature of 400 DEG C is not less than 658 HV, so that the bearing steel can meet application under a high temperature condition.