The influence of laser-alloyed stainless steel coatings on the properties of the surfaces of cast iron discs, such as friction-induced vibration and noise, friction coefficient, residual stress, hardness, and corrosion resistance, was investigated in this study. The experimental results show that after laser alloying, the surface hardness of the cast iron discs increased significantly. The residual stresses on the surfaces of the laser-alloyed discs changed from tensile to compressive residual stresses, while any compressive residual stresses increased by more than six times. Most of the laser-alloyed discs demonstrated better performance in friction-induced vibration and noise damping and friction reduction. Metallographic observation and XRD (X-ray diffraction) analysis results show that the laser-alloyed layer is mainly a mixture of acicular martensite and dendritic material, while the phase composition of laser-treated discs is mainly martensitic, [Fe, Ni], Fe 3Si, Cr 23C 6, and austenite, which plays a significant role in the improvement of the properties of the laser-alloyed cast iron in physics, tribology and corrosion resistance. This research has significance for the laser surface treatment of various cast irons and steels, which is an increasingly important manufacturing technology in the vehicle friction brake industry.