This study has been carried out to use the waste sludges generated at Pohang Iron & Steel Co. Ltd. (POSCO) as the raw materials of Ordinary Portland Cement (OPC). The burnability index of the raw mixture and the hydration characteristics and compressive strength of clinker have been examined. The waste sludges were mainly composed of CaO, SiO2, Al2O3, and Fe2O3, the main component of OPC. The Burnability index of mixture was improved, according to the replacement content of POSCO sludge increase. POSCO sludge can be used as a raw material for cement because the state of mineral development and property of clinker produced from POSCO sludge are similar to the plain. Therefore, POSCO sludges can be used as the source materials of iron and calcium oxide.