Replacement aggregate source like as electric arc furnace slag will be important more and more in the domestic construction field. Recently KS F 4715 was revised in order to utilize electric arc furnace slag as concrete aggregate. However, stability for an actual structure has not been confirmed sufficiently. Therefore, more careful attention should be paid on the quality management of slag aggregate. To evaluate the volume stability of electric arc furnace slag, a method of immersion expansion for evaluating road aggregate has been used, These conventional method needs long time, so there are many demands from industry for fast testing method, This paper is intended to evaluate whether the acceleration test method in the hydro thermal condition is proper or not, and find the correlations between the volume expansion and oxide compounds of slag aggregate. The test results indicates that the acceleration test method has sufficient possibility as a way of evaluating the safety of electric arc furnace slag, and that there is no correlations between the volume expansion of mortar bar with slag aggregate and the oxide compositions of slag aggregate, but the main cause of the pop-out phenomenon is the MgO content of slag aggregate.