Steel slag emerges as a residue when molten steel undergoes elimination from impurities in furnaces. The calcareous, siliceous, and ferrous cementation properties of steel slag are significantly influenced by its composition. This study investigates how the addition of steel slag alters the characteristics of mortar and concrete. However, its broad use in the cement and concrete industries is constrained by the prolonged initial setting time and poor early strength. Several studies assessed how steel slag particles affected the compressive strength and early setting times of cement mortar. Also, the effectiveness of steel slag in enhancing compressive strength and initial setting was assessed. The study would assist decision-makers in using steel slag as a resource to partially replace cement. Compared to other binders, steel slag has a higher density. Examining the relationships between the influencing factors and their respective contributions to the enhancement of steel slag properties is a difficult task. The physical characteristics of steel slag provide the concrete with more tensile strength. Reusing steel slag for construction purposes offers positive environmental effects. A systematic review has been presented in this paper. With keen interest, the advantages, limitations, and future application of the study have been addressed.