In this study, a physical and chemical properties analysis was conducted for PCSP to evaluate properties of its materials and, for comparison purpose, was also conducted for CSP. The result of experiment confirmed improvement of iron recovery rate due to introduction of rapid water-cooling equipment and greater density of exterior and interior structure through SEM observation and porosity measurement. Also, SEM, XRD and DSC-TGA analysis showed that content of f-CaO in PCSP was minuscule so it was decided that problems of material stability including f-CaO-caused bulging failure, which has been problematic, can be solved.