Effects of Cr3C2 content and wheel surface speed on the amorphous formation ability and magnetic properties have been investigated for melt-spun SmCo7−x(Cr3C2)x (x=0.10-0.25) alloys. Ribbon melt-spun at lower wheel speed (30 m/s) has composite structure composed of mostly SmCo7, a small amount of Sm2Co17, and residual amorphous phases. The grain size of SmCo7 phase decreases with the increase of Cr3C2 content x. When melt spinning at 40 m/s, SmCo7−x(Cr3C2)x alloys can be obtained in the amorphous state for 0.15≤x≤0.25 with intrinsic coercive Hci of the order of 40–70 Oe. DSC analysis reveals that SmCo7 phase first precipitates from the amorphous matrix at 650∘C, followed by the crystallization of Sm2Co17 phase at 770∘C. Optimal coercivity Hci of 7.98 kOe and remanent magnetization Mr of 55.05 emu/g have been realized in SmCo6.8(Cr3C2)0.20 magnet subjected to melt spinning at 40 m/s and annealing at 650∘C for 5 min. The domain structure of the annealed ribbon is composed of interaction domains typically 100–400 nm in size, which indicates the presence of a strong exchange coupling between the grains.