In this paper, such aspects as microstructure, hardness and wear resistance of rare earth wear resistant steel plate BTNM450 of Baotou Steel and NM1^# wear resistant steel plate produced by a foreign manufacturer are selected to be compared and analyzed. The study results showed that the wear extent of rare earth wear resistant steel plate BTNM450 of Baotou Steel was 0.390 0 g, which was significantly fewer than that of NM1^# wear resistant steel plate. Compared with the wear resistant steel plate BTNM450-NORE without adding rare earth elements, the wear extent of rare earth wear resistant steel plate BTNM 450 of Baotou Steel after adding rare earth elements is reduced by 20.9%. The hardness distribution on section of NM1^# wear resistant steel plate is not uniform and hardness of rare earth wear resistant steel plate BTNM450 of Baotou Steel does not change significantly along the direction of section thickness, which is with excellent wear resistance.