The invention relates to a 
sintering-strippable low-cost red water-based 
cast iron coating, which is prepared by the following raw materials in percent by 
mass: 20-45 percent of 
bauxite powder or 
powder quartz, 0-25 percent of 
mullite powder, 1-6 percent of talcum powder, 1-5 percent of iron 
trioxide powder, 1-3 percent of suspending agent, 1.5-4.5 percent of organic binding agent, 1.5-6 percent of inorganic binding agent, 0.01-0.05 percent of 
wetting agent, 0.02-0.05 percent of 
preservative, 0.02-0.1 percent of defoaming agent, 0-0.5 percent of water 
reducing agent and 30-42 percent of 
tap water. The 
sintering-strippable low-cost red water-based 
cast iron coating has the characteristics that the raw materials are cheap and the source is wide; the product is low-cost, safe, environmental-friendly and convenient to transport; the brushing property, the flowing resistance and the leveling property of the product are good, the suspension percentage, the 
coating strength and the 
crack resistance are high and the gas evolution is low; and the 
sintering-stripping performance is excellent, the most part of the coating can be vastly stripped after castings are taken out of a 
casting box and are cooled, the defects of sand sticking, sand inclusion, sand drop, voids and the like existing the castings can be effectively avoided, and the castings with excellent surface quality can be obtained.