An industrial by‐product of the steel industry called basic oxygen furnace (BOF) slag has recently undergone extensive research for high‐end applications outside of road load and landfill. In contrast to the Bogue methodology used with regular Portland cement, BOF slag lacks a quick and straightforward quantitative phase analysis procedure that would allow it to be employed as a high‐end raw material. The main phases of BOF slag (C2S, C2(A,F), Ff, RO‐Phase, and f‐C) can be calculated using the method presented in this paper based on chemical composition.