For a development purpose of thick metal / metal Graded-Boundary Materials(GBM), a basic research on the fabrication of Ni-Cr/steel GBM was carried out by a laser beam and its mechanical properties and thermal characteristics were investigated. In order to produce a compositionally graded boundary region between substrate steel and added Ni-Cr alloy, a series of surface alloying treatments was performed with a high power CO$_2$ laser beam. Ni-Cr sheet was placed on a low carbon steel plate(0.18%C), and then a CO$_2$ laser beam was irradiated on the surface to produce a homogeneous alloyed layer. On this first surface-alloyed layer, another Ni-Cr sheet was placed and then the CO$_2$ laser beam was irradiated again to produce second surface-alloyed layer. Sequential repetitions of laser surface alloying treatment 4 times resulted in a graded-boundary region with the thickness of about 1.4mm. Simultaneous concentration profiles of different kinds of alloying elements(Ni and Cr) showed from 42%Ni, 45%Cr and 13%Fe on surface region to 0%Ni, 0%Cr and 99%Fe in substrate region. Also a thermal conductivity gradient resulted in graded-region and its value changed from 0.03㎈/cm s$^{C}$ in surface region to 0.1㎈/cm s$^{C}$ in substrate region. Microstructural observation showed that any visible root porosities and solidification shrinkage cracks were not formed in graded region between alloyed layer and substrate region during rapid cooling.