As a solid waste generated in the metallurgical process, the highly efficient catalysis of steel-slag for carbon nanotube (CNT) growth remains a huge challenge. Herein, a CO2 plasma-inducing approach for modifying the steel-slag catalyst with rich active sites was developed for CNT growth in the chemical vapor deposition (CVD) process. Furthermore, the high-energy CO2 plasma refines the particles on the steel-slag surface, reducing the particle size on the surface of steel-slag effectively increasing the active sites of the catalyst. In addition, the thermal effect generated by the gas molecule ionization process under CO2 increases the background temperature of the steel-slag, and the interaction between the oxygen-active substances produced and the iron oxide on the surface of steel-slag undergoes an oxidation reaction upon full contact with high-energy particles, which greatly improves the catalytic efficiency of the steel-slag as a catalyst for CNT, and increases the catalytic efficiency by 50 % compared with the non-plasma modified steel-slag as a catalyst for catalyzing CNTs. In addition, catalytically grown CNTs encapsulate magnetic steel-slag catalysts to form a three-dimensional CNT network structure, with high-performance electromagnetic wave absorption. The composite absorbing material with a thickness of only 3.55 mm has a minimum absorption rate of −64.08 dB for electromagnetic waves at a frequency of 7.9 GHz. The dielectric and the magnetic loss of steel-slag lead to enhanced electromagnetic wave absorption. Therefore, this study provides an inexpensive and environmentally friendly idea for the design of high-efficiency CNT growth and solid waste catalyst modification synthesized with high-performance absorbers.