The development of a compact laser induced breakdown spectroscopy (LIBS) system increases the possibilities of applying the technique in industrial arenas, field applications and process monitoring. Significant progress has been achieved in miniaturization of optical detectors and lasers, allowing portable, low-cost LIBS equipment to be devised. Conventional lasers for LIBS, like actively Q-switched Nd:YAG lasers are limited by their bulkiness, the need for a cooling system and high power consumption. The use of a miniature solid state microchip laser overcomes these drawbacks and offers further advantages of good beam quality, high pulse repetition frequency and less damage to target. In this work we studied the quantification of elemental composition of low alloy steel samples using a higher power microchip (“powerchip”) laser. The possibility of real time, in situ quantification of such materials by powerchip LIBS enhances the applicability of the technique to process monitoring in the steelmaking industry. The performance of the LIBS technique based on a powerchip laser and a portable non-intensified, non-gated detector for elemental quantification is evaluated and compared to that obtained using an intensified detector. Calibrations were achieved for Cr, Mo, Ni, Mn and Si with linear regression coefficients between 0.98–0.99 and limits of detection below 100 ppm in most cases.