The grown demand of current and future development of new technologies for high added value and strategic metals, such as molybdenum, vanadium, and chromium, and facing to the depletion of basic primary resources of these metals, the metal extraction and recovery from industrial by-products and wastes is a promising choice. Slag from the steelmaking sector contains a significant amount of metals; therefore, it must be considered to be an abundant secondary resource for several strategic materials, especially chromium. In this work, the generated slag from electric arc furnace (EAF) provided by the French steel industry was characterized by using multitude analytical techniques in order to determine the physico-chemical characteristics of the targeted slag. The revealed main crystallized phases are larnite (Ca₂SiO₄), magnetite (Fe₃O₄), srebrodolskite (Ca₂Fe₂O₅), wüstite (FeO), maghemite (Fe_2.6O₃), hematite (Fe₂O₃), chromite [(Fe,Mg)Cr₂O₄], and quartz (SiO₂). The collected slag sample contains about 34.1% iron (48.5% Fe₂O₃) and 3.5% chromium, whilst the vanadium contents is around 1500 ppm. The Mössbauer spectroscopy suggested that the non-magnetic fraction represents 42 wt% of the slag, while the remainder (58 wt%) is composed of magnetic components. The thermal treatment of steel slag up to 900 °C indicated that this solid is almost stable and few contained phases change their structures.