Using Fe55 spherical fluxed alloy power as the raw material, a Fe-based alloy coating on the surface of steel was deposited by a semiconductor laser under the optimal process parameters. The microstructure and properties of the samples were analyzed by means of OM, SEM, XRD, the micro-hardness and frictional testers. The experimental results showed that a high chromium Fe-based coating with metallurgical bonded on the substrate was deposited using the optimized process parameters with the laser power of 1900W; the spot size of 6mm×4mm, the scanning speed of 5mm/s, and the overlapping ratio of 30%. The thickness of the coatings without cracks and porous was 4 mm. The microstructure of the coating was mainly cellular and dendrite crystal. The phases of the coatings are composed of α-(Fe, Ni) solid solution, Fe-Cr-Ni, Cr-Fe-B solid solution, and Cr 23 C 6 particles. The microhardness of the coating rised to 750HV which was 4 times that of Q235 steel substrate with hardness of 175HV, the wear resistance was 27 times that of the steel substrate.