According to an embodiment of the present disclosure, a method for preparing a metal bipolar plate for a fuel cell includes drying, crushing, and mixing a Fe—Cr ferrite-based steel powder with a powder of an added element selected from the group consisting of LSM((La0.80Sr0.20)0.95MnO3-x), La2O3, CeO2, and LaCrO3 to prepare a powder mixture, mixing and ball-milling the powder mixture with a solvent and binder into slurry, drying and press-forming the slurry into a pellet, cold isostatic pressing the pellet, and sintering the pellet.