For the cost down of polymer concrete, It is very important to reduce the use amount of polymer binder, which occupies most of the production cost of polymer concrete. Fly ash and atomizing reduction steel slag are spherical materials obtained from industrial by-products. Spherical atomizing reduction steel slag was manufactured using steel slag from reduction process of ladle furnace by atomizing technology. To investigate the physical properties of polymer concrete, polymer concrete specimens were prepared with the various proportions of polymer binder and replacement ratios of atomizing steel slag. Results showed that compressive and flexural strengths of the specimens were remarkably increased with the addition amount of polymer binder and the replacement ratios of atomizing steel slag. In the hot water resistance test, compressive strength, flexural strength, bulk density and average pore diameter decreased but total pore volume and pore diameter increased. We found that polymer concrete developed in this study reduced the amount of polymer binder by 18.2% compared to the conventional product because of the remarkable improvement of workability of polymer concrete using spherical fly ash and atomizing reduction steel slag instead of calcium carbonate (filler) and river sand (fine aggregate).