The invention discloses sintered ore containing specular hematite. The sintered ore comprises the following raw materials in percentage by weight: 2-60 percent of specular hematite of which the granularity is less than or equal to 1mm, 20-40 percent of return mine of which the granularity is less than or equal to 5mm, 3-5 percent of fuel of which the granularity is less than or equal to 4mm, 8-15 percent of flux of which the granularity is less than or equal to 4mm, and an additional adhesive which accounts for 0.5-6 percent of the total weight of the raw materials. The preparation method comprises the following steps: uniformly mixing the specular hematite of which the granularity is less than or equal to 1mm with the adhesive, adding water, and uniformly stirring; granulating in a disc machine or briquetting into blocks by using a briquetting machine; uniformly mixing the return mine of which the granularity is less than or equal to 5mm, the fuel of which the granularity is less than or equal to 4mm and the flux of which the granularity is less than or equal to 4mm; uniformly mixing the mixture prepared in the previous step and the prepared specular hematite grains or blocks; and sintering according to a conventional sintering process. According to the sintered ore disclosed by the invention, the problem that the specular hematite is low in hydrophilcity and reactivity can be solved, so that the utilization rate of the specular hematite is greatly improved, the characteristics, such as high temperature performance and high bonding strength, of the specular hematite are fully utilized, the prepared sintered ore can completely meet the requirement, the wastes are changed into valuable materials, and the resources are fully utilized.