An eco-friendly UHPC was designed by the modified Andreasen and Andersen packing model and prepared with cement partially replaced by steel slag powder (SSP) and glass powder (GP) at a fixed mass ratio of 2:1. An improved strengths and resistance to drying shrinkage was obtained with a combined replacement of SSP and GP, and the best one was achieved at the 20% replacement ratio. The leaching of Ca²⁺, Al(OH)₄⁻, and SiO₃²⁻ ions from SSP and GP promoted the hydration of cement. The potential cementitious activity of SSP and the pozzolanic activity of GP contributed simultaneously to the formation of extra hydration products, especially the high density C-S-H. As a result, the pore structure of the paste matrix was refined and the steel fiber/paste was enhanced. The UHPC developed with SSP and GP had lower carbon emissions and non-renewable energy consumption, which provides possibilities for its industrial application.