The preparation method for the large-standard high-speed resin heavy duty grinding wheel for grinding a steel billet comprises the steps that a dedicated binding agent for a high-performance modified high polymer matrix phenolic resin grinding wheel is prepared by using phenolic resin, xylok resin, butyral resin, iron pyrite, cryolite, light magnesium oxide, barite, 400 # carborundum and calcium carbonate, dedicated formulas for a grinding layer and a core layer are separately designed by using grinding materials such as fused alumina zirconia, aluminium oxide sintered corundum, black silicon carbide, furfural, dibutyl ester, fibers and steel rings, and the large-standard high-speed resin heavy duty grinding wheel for grinding the steel billet is prepared by adopting a dual-phase reinforced composite technology and structure. According to the large-standard high-speed resin heavy duty grinding wheel for grinding the steel billet, the linear velocity is equal or greater than 90 m / s to 120 m / s, the maximum diameter is 925 mm, the thickness is 125 mm, and the tensile and breaking strength and the grinding efficiency of the grinding wheel are greatly improved. When the large-standard high-speed resin heavy duty grinding wheel for grinding the steel billet is under heavy duty, the adaptability of the condition of grinding range is wide, and the linear velocity is high. The grinding efficiency reaches a thickness of 1 cm at a time, the problems that an existing grinding wheel cannot adapt to a steel billet, and the heavy duty grinding of steel is difficult are solved well, and the increasing development requirements of the iron and steel industry are met.