Fe60/Cr₃C₂ composite deposition coatings were fabricated on 24CrNiMo substrate used for high-speed rail brake discs via laser direct deposition．The microstructure and properties of these coatings were analyzed using optical microscopy (OM), X-ray diffraction (XRD), scanning electron microscopy (SEM), microhardness testing, abrasive wear testing, and high-temperature oxidation analysis. The results showed that the coating is mainly composed of α-Fe, γ-Fe, Cr₇C₃, CrFeB, WC, Fe₂B, CrB, and (Cr,Fe)₇C₃, etc. When the Cr₃C₂ content reaches 15%, new phases Cr₃C₂ and Cr₂₃C₆ are detected in the coating. The coating with 15% Cr₃C₂ exhibits typical radial structures which constitute of long rod-shaped and polygon block radiating from the center of approximately elliptical Cr₃C₂ aggregates to the periphery，with the long rod-shaped and polygon block structures mainly composed of (Cr, Fe)₇C₃ and a small amount of Cr₂₃C₆ compounds. The microhardness of the coating with Cr₃C₂ is significantly improved, among which the hardness change of the coating with 9% Cr₃C₂ is stable, with an average hardness of 741.1 HV and the highest wear resistance. The oxidation weight gain of the coating decreases with the increase of Cr₃C₂ content, and the high-temperature oxidation resistance of the coating is improved. A dense Cr₂O₃ oxide film is formed in the coating with 15% Cr₃C₂, which has the best high-temperature oxidation resistance. However, the thermal fatigue resistance of coatings with Cr₃C₂ addition remains unchanged.