Conversion of steel industry off-gases to value-added chemicals enabled by renewable electricity can significantly reduce the environmental burden of the steelmaking process. Herein, we demonstrate that CO2 reduction by H2, both contained in steel mill off-gases, to form syngas via the reverse water-gas-shift reaction is effectively performed by nanosecond pulsed discharges at atmospheric pressure. The experimental results suggest the following: (i) An optimum interelectrode distance exists, maximizing CO2 conversion. (ii) CO2 conversion at constant SEI follows a nonmonotonic trend with H2 excess. CO2 conversion increases with H2 excess up to H2:CO2 = 3:1 upon shifting the chemical equilibrium. At larger H2:CO2, both gas cooling, promoted by the high H2 content, and hindered CO2 collisions in a highly diluted stream hamper CO2 conversion. (iii) SEI enhances CO2 conversion, but the effect decreases with increasing SEI due to equilibrium limitations. A stoichiometric H2:CO2 feed ratio in the plasma reactor is recommended for higher energy efficiency. Intensifying MeOH productivity via SEI elevation is not advised as a 2-fold SEI increase results only in 17% higher MeOH throughput.