The invention relates to a rare earth high silicon-nickel-chrome alloy cast iron, which comprises Fe, Cr, Ni, Mo, Cu, Si, Mn, C, S, P and minor elements such as Nb, V, Zr, N and Re, and is formed by smelting in an electric heater. The alloy cast iron comprises the following alloy components in percentage by weight: 0.50-18.80% of Cr, 0.10-21.50% of Ni, 0.15-3.80% of Mo, 0.20-3.50% of Cu, 2.50-18.50% of Si, 0.60-1.20% of Mn, 0.80-3.20% of C, 0.02-0.15% of S, 0.10-0.20 of P, 0.50-3.20% of Re, a proper amount of Nb, V, Zr and N, and the balance of Fe. The alloy cast iron can be used in a strong corrosive medium under normal operation conditions, and the corrosion resistance of the alloy cast iron can be compared with that of the expensive imported advanced acid-proof stainless steel material. The alloy cast iron can be cast into casting with fine corrosion resistance, and can also be manufactured into various corrosion-resistant devices and fittings by forging, mechanical cutting, welding fabrication and other processes, but has a lower cost, thereby being a cheap and fine new alloy material.