Two industrial by-products with high iron contents were tested for their effectiveness in the stabilisation of arsenic and trace metals in chromated copper arsenate (CCA)-contaminated soil. Steel abrasive (SA; 97% Fe0) and oxygen scarfing granulate (OSG; 69% Fe3O4) were applied at levels of 1% and 8% (w/w) respectively to two soils with different organic matter contents. Field lysimeter measurements indicated that SA and OSG treatments decreased the arsenic concentration in pore water by 68% and 92%, respectively, for the soil with low organic matter content, and by about 30% in pore water of soil with high organic matter content. At pH ≤6, the amended soil with low organic content contained elevated levels of manganese and nickel in their pore water, which were sufficient to induce cytotoxic effects in L-929 mouse fibroblast cells. The industrial by-products have significant potential for soil amendment at field-scale, but caution is required because of the potential release of their chemical contaminants and their reduced capacity for sorption of arsenic in organic-rich soils.