The invention discloses a slag road asphalt concrete pavement material composition suitable for microwave heating. In the preparation process of road asphalt concrete, magnetic powder is added and is used for fully or partially replacing the lime stone powdered ore in the traditional asphalt concrete raw material, magnetic metallurgical slag is used for replacing the natural coarse aggregate in the traditional asphalt concrete raw material, and thus the finally obtained composition comprises magnetic powder, lime stone powdered ore, asphalt, magnetic metallurgical slag and natural coarse aggregate. Compared with the traditional asphalt concrete for microwave heating, the slag asphalt concrete of the invention improves the heating rate by several times to dozens of times, has lower cost, can greatly improve ice removing and snow melting efficiency by microwaves, and is widely applied to various asphalt concrete highway pavements, airports, factories, offices, schools, armies and other organizations.