In this paper, the finite element software ProCAST version 14.5 was used to simulate the temperature field, flow field and defect prediction in the filling and solidification process of hypereutectic high-chromium cast iron. The effects of pouring temperature, negative pressure and the amount of suspension agent added during the technological process were explored. The optimum process parameters were presented. It was found that the suspension agent has a certain hindrance to the filling process, but the filling process remains stable. In the solidification stage, 89.4% of the suspension agent melted, resulting in a relative supercooling degree of 50 °C, which had a certain chilling effect and improved the solidification rate.