The balance calculation of zinc and lead of No.1 BF of Baotou Iron and Steel Group Co. was performed in this research. The particle sizes of BF dusts were measured by LS230 laser particle size analyzer. The micrology of sinter and dusts were investigated with scanning electron microscopy (SEM, Hitachi S-3000) coupled with an energy-dispersive X-ray analysis (EDX). The results show that the general burdens of zinc and lead in No. 1 mainly came from sinter and pellet. The burdens of zinc and lead in No.1 BF were 645.45g/t and 370.33 g/t respectively, which were too much to need take some measures. Among the gas ash, the particle size of baghouse dust was minimal, but the contents of lead and zinc were highest. So the BF baghouse dust isn’t appropriate to recover as the sintering materials. The speciation of lead is PbO, PbCl3 and metallic Pb, but zinc never presents as metal in BF dusts.