At present, the scattered and closed steel logistics resource should be integrated. Reasonable benefit allocation mechanism is the prerequisite for steel logistics resources integration. Based on previous studies on steel logistics resource integration, this paper proposes an important problem in steel logistics resources integration: benefit distribution. First, this paper gives the classification of steel logistics resources, analyzes the characteristic of steel logistics resources, and proposes connotation of steel logistics resources integration. Second, this paper gives analysis of steel logistics resources integration based on cooperative game, proposes the three principles and three influence factors of benefit distribution in steel logistics resources integration, establishes benefit distribution model based on Shapley value. At last, This paper verifies the feasibility of the above theory and the method by a case study.