A slitter is a sort of machinery to cut sheet materials in rolls continuously in the longitudinal direction. Recently slitter line users have requiring higher quality and precision in products in addition to high productivity. A finite element analysis has been performed to investigate the effect of processing factors on shear planes in the slitting of Shrinkage Band(S,K.B.). For the analysis, Hot-dip 55% aluminum-zinc alloy-coated steel sheets and coils(SAZCC) is selected as a material. The results obtained are that deformation was concentrated along the very narrow zone and the maximum slitting load decreases by increasing the knife clearance. Also effective strain decreases according to the clearance increases.