The invention discloses a cast steel alcohol-based paint, as well as a preparation and application method thereof. The cast steel alcohol-based paint comprises the following components: 12-18 wt% of ethyl alcohol, 4.5-8 wt% of isopropanol, 0.4-2.5 wt% of black rosin, 0.35-3 wt% of solvent naphtha, 0.9-2.5 wt% of aluminium-magnesium silicate, 0.5-2.6 wt% of phenolic resin, 0.05-0.5 wt% of poval, 0.1-1 wt% of white carbon black, 0.15-2.5 wt% of attapulgite, 40-60 wt% of zircon powder, 10-25 wt% of fused alumina zirconia powder, 0.1-0.5 wt% of kunzite, 0.8-2.5 wt% of ludox and 0.5-3.5 wt% of pyrophyllite powder. The specific preparation and application method are shown in the specification. The cast steel alcohol-based paint has the following benefits: the refractoriness is high, sintering is easy, and the sand burning resistance is good; in addition, the solid content is high, the suspension property is good, the gas content is low and excellent thixotropic property is realized; moreover, after a coating is hardened, the strength is high, and the hygroscopicity resistance is good.