The invention discloses a carbon steel warm-forging lubricant composition which adopts No.680 cylinder oil as basic oil and is matched with multiple composite additives which include an antioxidant, an antiwear additive, an oiliness agent, a metal passivator, a friction improver, a reinforcing agent, a corrosion inhibitor and a preservative agent. The carbon steel warm-forging lubricant composition disclosed by the invention is preferable in flowability and high in diffusion capacity, is capable of forming a layer of uniform and continuous oil film between a forge piece and a mould, has the advantages of good antiwear property and viscosity-temperature property, high extreme pressure property, stability in oil film thickness, good pressure-resistant property, good lubricating property, stability in component, no toxicity and no pungent smell and can be used for protecting a material from being cracked in a forging process, preventing the mould from being damaged and prolonging the service life of the mould.