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The integrated steel industry is considered as one of the important industrial sectors, and its outputs are inputs for other sectors including construction, engineering, medical and scientific equipment, and defence. Massive production, consumption, and export of steel signify a country's economic index. This review outlines the World's steel production quantities, the processes involved, and wastewater generation from the industry and its treatment. Wastewater generated from steel plants is highly complex and requires intensive treatment before discharge into natural water bodies. Technologies adopted for treating wastewater generated from steel industries are deliberated, focusing on coking wastewater treatment. Microbial mediated processes provide an effective means of degrading the contaminants, but the toxicity of certain compounds during higher pollutant load inhibits its further treatment. However, these processes can be integrated with either electrochemical technologies or advanced oxidation processes (AOPs), which can reduce the toxicity level. Hence, when a highly concentrated and complex mixture of contaminants is considered, an integrated approach is a resourceful option in terms of cost‐effectiveness and treatment efficiency.