Iron tailing solid waste not only has a high annual output but also has a low comprehensive utilization rate. Low utilization rate of iron tailings seriously restricts the development of comprehensive utilization of solid waste. In order to prepare an iron tailings-based ternary solid waste admixture and to verify its application to concrete, first, the effect of solid waste synergy on the strength of an iron tailings-steel slag-desulfurization ash admixture (ISD) system was investigated. Second, the effect of chemical activator dosing on the strength of an ISD system was studied and the mechanism of chemical activator action on the ISD system was investigated by thermogravimetric analysis (TG-DTA) Then, the effect of this admixture on the strength of concrete was studied. Finally, the mechanism of the effect of this admixture on the strength of concrete was clarified by mercury intrusion porosimetry (MIP) and backscattering electron tests (BSE). The results showed that the 7 d and 28 d compressive strengths of the ISD admixture were significantly higher than those of iron tailings single admixture. The 7 d and 28 d compressive strengths of the ISD system reached 24.9 MPa and 36.1 Mpa, respectively, when the ratio of iron tailings:steel slag:desulfurization ash = 1:1:1. Na2SiO3 is suitable for the early strength agent of the ISD admixture, but the amount of admixture should not exceed 0.6% of the admixture. TG-DTA shows that Na2SiO3 is enhancing the early strength of the ISD system by promoting the consumption of Ca(OH)2 in the ISD system to produce C-S-H. However, in the late reaction of the ISD system, Na2SiO3 inhibits the late strength development of the ISD system by suppressing Ca(OH)2 production. Concrete with ISD dosing of 30% or less meets the C40 requirement. MIP and BSE show that ISD provides a filling effect to concrete, but also causes a reduction in the active reactants of concrete and the combined effect of microfilling and active effects affects the strength development of ISD concrete. This study provides a theoretical and scientific basis for the preparation of iron tailings-based ternary solid waste dopants, and, in addition, the study promotes the consumption of iron tailings solid waste and the development of multiple solid waste dopants.