In order to use the spherical atomizing reduction steel slag (ladle furnace slag, LFS) instead of the fine aggregate of polymer concrete composites, various specimens were prepared with various replacement ratios of atomizing reduction steel slag and the addition ratios of polymer binder. Physical properties of these specimens were investigated through the absorption test, the compressive strength test, the flexural strength test, the hot water resistance test, the pore analysis and the micro-structure using scanning electron microscope. Results showed that the compressive strength and flexural strength of specimens with 7.5% of polymer binders increased with the increase of replacement ratios of atomizing reduction steel slag, but those of the specimens with 8.0% or more of polymer binders showed a maximum strength at a certain replacement ratio due to the material segregation causing the increase of fluidity. By hot water resistance tests, the compressive strength, flexural strength, average pore diameter, and bulk density decreased but the total pore volume and pore diameter increased. It was concluded that the amount of polymer binders could be reduced by maximum 23.8%, because the workability of the polymer concrete was remarkably improved by using the atomizing reduction steel slag instead of fine aggregate. However, since the use of atomizing reduction steel slag decreased the resistance of the polymer concrete to hot water, further studies are required.