Flame retardancy and mechanical properties of recycled polyolefinic plastics/inorganic filler composite systems were investigated by using several inorganic flame retardants such as magnesium hydroxide and slag powder generated electro arc furnace Compatibilizer user each maleic anhydride functionalized polyethylene (PE-g-MAH) and polypropylene(PP-g-MAH) or used mixture of these. The effect of polymeric compatibilizers on the properties of composites was studied by tensile and impact test, differential scanning calorimetry, in the changed fracture mechanism. The improved adhesion was particularly reflected in the mechanical properties. The flame retardancy of composites was examined by measuring limiting oxygen index(LOI, ASTM D2863), smoke density(ASTM D2843) and vertical burning test(UL94). Regarding the flame retardant effect, the EAF slag powder is behaving as synergists as they are only active in the presence of magnesium hydroxide.