The invention relates to an electroslag smelting casting method of fixed blades of a water turbine. Consumable electrodes are prepared by adopting a voltaic arc furnace refining method and the fixed blades are prepared by adopting an electroslag smelting casting process through a mould. The chemical components of the consumable electrodes are controlled as follows: 0.14-0.19 percent of C, Si <= 0.6 percent, 1.5-1.9 percent of Mn, P <= 0.035 percent, S <= 0.035 percent, 0.02-0.15 percent of V, 0.015-0.06 percent of Nb, 0.15-0.25 percent of Ti, Al >= 0.015 percent, O <= 0.0040 percent, N <= 0.0080 percent, H <= 0.00035 percent, and the balance of Fe. The electroslag smelting casting system and the electroslag guide are controlled as follows: 60-80 percent of CaF2, 40-20 percent of Al2O3, or less MgO and CaO (the total amount <= 20 percent); and the electroslag amount is usually 1.5-5 percent of the weight of a casting. The invention has less amount of oxide and sulfide, small size, even distribution, clean casting base body, high cooling speed, large crystallization temperature gradient at the front of solid and fluid, compact casting texture, high size precision and little distortion, and can greatly improve the product property of the refined casting.