We have been studied the effects of oxidant on the properties of Sr-ferrite magnets using mill scale for motor. The small-added (0.5 wt%) $NaNO_3$ oxidant improved significantly the degree of oxidation and the grindability of mill scale, and then highly enhanced the magnetic properties of anisotropic Sr-ferrite sintered magnets; such as the remanent flux density from 3.55 to 3.80 kG, the intrinsic coercivity from 2.75 to 3.22 kOe, and the maximum energy product from 2.90 to 3.45 MGOe.