We synthesized low-cost cathodes for use in the electrochemical NO3– reduction reaction (NO3RR) via the simple reconstruction of AISI 420 stainless steel (SS). Thermochemical treatment of the SS in oxalic acid generated iron oxalate (FeC2O4) microrods (BL-SS), with further anodization affording Cr-doped Fe2O3 (R-SS) or FeC2O4 (G-SS). G-SS displayed supreme N2 selectivity during galvanostatic electrolysis at circumneutral pH. Electroanalysis and descriptor/scavenger analysis indicated that Fe sites were the primary active sites of NO3– adsorption, with C2O42– as the H-binding sites. The C2O42– ligands and Cr dopants altered the electronic structures of the Fe sites. A parametric study of the current density, pH, [NO3–]0, and [Cl–]0 indicated an Eley–Rideal N2 generation mechanism, with NO2– as an intermediate. Cl– elevated the N2 selectivity but reduced the NO3RR efficiency. To demonstrate the practical applicability of G-SS with a proposed regeneration strategy, its durability was examined in synthetic and real wastewater matrices. Compared with that in synthetic wastewater, G-SS displayed more stable performance in real wastewater owing to the natural buffering capacity at the cathode, which reduced the corrosion rate. Cr-doped FeC2O4 is viable for use in the low-cost, efficient electrochemical treatment of wastewater containing NO3–.​