Fine slag (FS) consists of residual carbon (RC) and slag particles (SP). This paper studies the characteristics of SP and RC separately. SP contain a little of pores and mainly consist of spherical particles most of which are solids. RC have a higher pore surface, more continuous and complete pore structure. The chemical structure of inorganic minerals in SP has the following characteristics: According to nuclear magnetic resonance results, the amounts of network structure Q(4) and Q(3) are more than that of chain structure Q(2) and Q(1). The 4-coordinated aluminum consists of 74% and the octahedral coordination (Al(VI)) takes up only 11%. SP is a heterogeneous material which contain not only inorganic minerals but also organic carbon. C atom associated in chemical way with the inorganic matter within SP matrix. The predominant groups of organic carbon within SP matrix are C-C and C-O. C-O groups organically bound with inorganic elements in SP forming C-O-M (M: inorganic elements) bands. The predominant components in RC are C-C and C-O. (C) 2020 Published by Elsevier B.V. on behalf of The Society of Powder Technology Japan. All rights reserved.