An apparatus for granulating molten slag comprising a device for breaking up said molten slag by water, a divided settling bin including inclined walls for holding granulated slag and water connected to said device, a sloped elevator with perforated buckets mounted in said settling bin, at least along one of said inclined walls, for discharging therefrom said granulated slag, pulleys and pulley shafts for said sloped elevator disposed above the level of water in said settling bin, one of said pulleys, being placed above the other one, in the direction of the elevator movement, and a device for drying said granulated slag disposed at the place of discharge of said granulated slag from said settling bin;
- whereby the reliability of operation is enhanced due to the location of said pulleys and pulley shafts above the level of water in said settling bin.