Steel slags are solid residual materials formed as by-products throughout the process of steel production within the steelmaking industry. These wastes have good physical properties such as high stiffness and friction angle for use as road fill materials or in geotechnical applications. However, the presence of heavy metals and high alkalinity levels constitute significant environmental hazards and set limitations on using slags in engineering applications. While there have been investigations into the mechanical characteristics of steel slags, research on assessing potential harm when utilizing the materials in engineering applications is rare. This study examines the mitigation methods to address the environmental problems associated with steel slags. To do this, two different steel slags with different production techniques were treated with soils of different properties such as fine and coarse sand, bentonite, kaolin, and natural clay. The pH and electrical conductivity (EC) values of pure steel slags were determined using the water leach test (WLT). Variations in pH and EC values of steel slags subjected to treatment were evaluated through both WLT and sequential water leach (SWLT) tests. As a result, the high strength, stiffness, and drainage capability of EAF and LS steel slags make these materials suitable for road filling. This is further backed by their soaked and unsoaked CBR values. During the water leach tests, notable decreases in pH were observed with a 60% natural clay (NC) solution, resulting in a decrease of 1.2 and 0.7 in EAF and LS, respectively. The addition of sand had a negligible impact on pH due to its inert characteristics. Moreover, in sequential water leach tests, the most significant decrease in pH was observed with NC (with a reduction of 2.0 points for EAF and 0.9 points for LS) through enhanced ion exchange and extended periods of dilution and buffering. Also, the use of NC resulted in substantial decreases in EC for EAF and LS, with reductions of 77% and 81%, respectively. Moreover, heavy metal concentrations in leachate waters from pure steel slags have been detected, and the effect of treatment on aluminum and iron concentrations has been determined. The results indicate that the use of natural soil significantly drops the pH and lowers the trace metal concentrations within the leachate.