The invention discloses high-performance wet green sand for a steel casting and a preparing method of the high-performance wet green sand. High-performance wet green sand is composed, by weight, of 40-60 parts of zircon sand, 15-20 parts of sea mud, 10-15 parts of ardealite, 25-35 parts of diopside, 20-30 parts of polyphenyl granule, 5-10 parts of sodium fluoroaluminate, 15-20 parts of coconut shell powder, 10-15 parts of crushed brick powder, 4-8 parts of hydroxypropl xanthan gum, 3-6 parts of sulfonated asphalt powder, 5-10 parts of bitter ling soil, 2-4 parts of calcium sulfite, 3-5 parts of poly aluminum chloride, 4-6 parts of polyoxyethylene, 2.5-4.5 parts of sodium hexametaphosphate, 5-10 parts of modified kaolin and a proper amount of water. The wet green sand is good in comprehensive performance, has the high green compression strength, the high compaction rate and the low thermal expansivity, also has the good high-temperature resistance, ventilating performance and fluidity and can effectively overcome the defects that air holes, scabbing, sand clamping, sand holes and the like can happen on the steel casting, the surface quality of the steel casting is improved, the finished product rate of the steel casting is increased, and the high-performance wet green sand has important economic benefits.