In order to study the axial compression performance of steel pipe concrete short columns filled with steel slag micronized ultra-high-performance concrete (UHPC), this paper designs 27 steel pipe UHPC short columns for axial compression test and compares and analyzes the axial compression performance of the specimens in terms of the damage mode, the deformation curve, and the coefficient of strength enhancement, which is aimed at investigating the differences in the actual load-bearing performance of steel pipe UHPC short columns through changes in the aspect ratio, concrete type, and steel content rate, and so on. The purpose of this paper is to compare and analyze the axial compressive performance of the specimens in terms of damage mode and strength enhancement factor in order to investigate the difference in the actual bearing capacity performance of steel pipe UHPC short columns through the changes in length-to-diameter ratio, concrete type, and steel content. The test results show that the axial compressive performance of steel slag powder steel pipe UHPC short columns is greatly affected by the L/D ratio and steel content; the specimen bearing capacity increases with the increase in the wall thickness of the steel pipe and decreases slightly with the increase in the L/D ratio, and the steel fibers can effectively improve the deformation of the concrete so as to enhance the composite effect with the steel pipe; the contribution of the core UHPC to improve the value of bearing capacity accounts for a higher percentage when UHPC with 1% steel fiber dosage and 20% coarse aggregate dosage gave the best uplift with no change in the type of steel pipe. In this paper, the axial compression test bearing capacity results of steel slag micro powder steel pipe UHPC short column are compared with the calculated bearing capacity results of domestic and international specifications and analyzed from the perspectives of perimeter compression strength, steel fiber mixing of core concrete, and the relevant parameter design suggestions for high-strength steel pipe concrete specimens are put forward.