Among the steelmaking slag, secondary metallurgy slag (SMS) is the most problematic to be recycled. Several attempts to recover such slag as lime replacement, slag flux, pozzolanic materials have been made for long time with pros and cons. However, the amount of recyclable slag is limited and often their employment requires higher energy demand than traditional materials. Nevertheless, the use of SMS in agriculture is poorly or never considered. In this article, the legal and technical evaluation of SMS as raw material for fertilizers production is investigated. Compliance of technical specification, toxic metals concentration, and leaching behavior allows to confirm the technical feasibility of SMS use as a raw material for fertilizers manufacture. Both from the literature data and the experimental results on 16 industrial SMS samples, the requirements for calcium‐magnesium‐sulfur‐based fertilizers, soil correctives and for sanitizing agricultural sewage sludge, appear fully satisfied. The CaO concentration in SMS (35–60 wt%) is abundantly higher than the requirements (≥15 wt%) and CaO is present in most part as water‐soluble complexes such as calcium aluminates (70 wt%), silicates (10 wt%), and sulfide (4 wt%). The pH of the SMS samples leachate is comparable to that of fresh lime (12.35 vs 12.46), highlighting a better behavior for sewage sludge sanitation with respect to limestone (9.98). The measured toxic metals and leachate elements concentration over the corresponding admittable threshold are always lower than 0.5 and 1.0 (mg kg−1/mg kg−1) for liming materials. Finally, these results lead to officially approve the use of SMS as soil corrective according to the Italian Fertilizer Regulation.