Aim: To evaluate the impact of enriched steel slag on the physico-chemical characteristics of soil and yield attributes of wheat under poor quality degraded soil. Methodology: Steel slag was biologically and organically amended with natural sources of phosphorus (P), sulfur (S), potassium (K) and nitrogen (N) and characterized for its nutrient content along with biological activity. The impact of resultant products was assessed on soil quality and yield component traits of wheat for two consecutive years (2021-2022 and 2022-23). Results: Application of slag based products significantly (p<0.05) improved the plant height, biological yield, grain yield and ear bearing tillers (EBT) of wheat even with 80% of recommended fertilizer dose (NPK). Further, in comparison to control, a moderation of soil pH (8.6 to 8.8), EC (0.18 to 0.20 dS m-1), OC (0.22 to 0.24 %) and essential mineral macronutrients viz., N (126 to 130 kg N ha-1), P (8.0 to 13.0 kg ha-1), K (100 to 125 kg ha-1) were observed with the application of amended steel slag products. No significant change with respect to existing heavy metal concentration viz., Co, Ni, Cd and Pb in soil was observed when supplemented with amended slag products. Interpretation: Steel slag can be transformed favorably for on-farm application to improve wheat yield besides serving as an environmentally sustainable alternate of soil conditioner for the management of degraded soil. Key words: Degraded soil, Heavy metals, Steel slag, Waste management, Wheat