Iron and steel industry emits a large amount of CO2 and SO2 in the process of steelmaking, and these acid gases lead to the serious corrosion damage of concrete structures. In this paper, the environmental characteristics and corrosion degree of concrete in a 41-year-old steelworks were investigated, and the neutralization life prediction of the concrete structure was carried out. The results showed that the temperature, relative humidity, CO2 concentration, and SO2 concentration in the steelworks were 1.32, 0.62, 1.28, and 13.93 times higher than those of the general atmospheric environment, respectively. These environmental characteristics in various sections were significantly different. The appearance change of concrete in the ingot casting bay was more serious than that of concrete in the billet bay. Both the compressive strength of concrete in the ingot casting bay and billet bay decreased, and the strength in the billet bay was relatively low. The neutralization depth of concrete in the ingot casting bay was 2.35 times larger than that of concrete in the billet bay. The prediction model of concrete neutralization depth was established, and the remaining neutralization service life in the ingot casting bay and billet bay were 194.68 a and 202.07 a, respectively.