The invention relates to a vertical type powerless strip steel storage machine. The vertical type powerless strip steel storage machine comprises a frame, a movable loop roller set, a fixed loop roller set and a loop vehicle body. The vertical type powerless strip steel storage machine is characterized in that the fixed loop roller set is fixed to the top of the frame, the movable loop roller set is fixed to the top of the loop vehicle body, the loop vehicle body is connected into the frame in a sliding mode, straightening mechanisms are symmetrically arranged at the two ends of the loop vehicle body, the guide mechanisms are composed of gear straightening wheels and racks, wherein the gear straightening wheels are fixed to the loop vehicle body, and the racks are fixed to the frame and meshed with the gear straightening wheels, a balance shaft is connected between rotating shafts of the two gear straightening wheels, and slide way straightening wheels are arranged on vertical beams, corresponding to the four corners of the frame, of the loop vehicle body respectively. The vertical type powerless strip steel storage machine has the advantages that the structure is simple, mounting and demounting are convenient, production cost is low, the problems that an existing storage device is complex in structure, large in design difficulty, high in requirement for manufacturing accuracy, inconvenient to mount and demount, large in investment amount and high in production cost, continuous automatic production of a production line can be achieved, and production efficiency and the quality of products are remarkably improved.