To improve the comprehensive performance of intumescent fire-retardant coatings, the functionalized halloysite nanotubes (HNTs-D, HNTs@Fe3O4, and HNTs-D@Fe3O4) were synthesized as synergistic flame retardants and incorporated into intumescent fire-retardant coatings (IFRC) for steel structures, demonstrating significant flame retardant properties. Among these modified halloysite nanosheets, HNTs-D@Fe3O4 showed the best flame retardancy and water resistance. Adding the optimal addition amount (3 wt%) of HNTs-D@Fe3O4 can increase the residual weight of coating from 28.10 % to 38.40 % and reduce the backside temperature of the coated steel plate from 288 °C to 177 °C, indicating that HNTs-D@Fe3O4 can effectively improve the thermal stability and insulation performances of intumescent fire-retardant coatings. Cone calorimetric analysis showed HNTs-D@Fe3O4 can effectively suppress the heat and smoke release of the intumescent fire-retardant coatings. Compared with the unmodified coating sample, the total heat release (THR) and total smoke release (TSR) of the HNTs-D@Fe3O4-containing coating sample were reduced by 66.04 % and 11.36 %. HNTs-D@Fe3O4 facilitates the formation of dense char layers confirmed by the micro morphology characterization. Further mechanism analysis shows that HNTs-D@Fe3O4 has obvious catalytic carbonization effect and is helpful to construct the dense expanded char layer with higher graphitization degree. The uniformly dispersed HNTs-D@Fe3O4 improved the water resistance of intumescent fire-retardant coatings, which is mainly due to the hydrophobicity and barrier effect, thus effectively preventing the loss of water-soluble components.