The effect of the refining slag composition on the total oxygen content and inclusions in steel was investigated in 100 t UHP Electric Furnace – LF – Billet CC process. The test steel was 77B hard wire steel and Si-Mn alloy was used as the deoxidizer. Three types slag were used in the industrial tests, which including CaO-CaF2, CaO-CaF2 adding CaC and CaO-Al2O3 refining slag. The results shown that the lowest total oxygen contents of rolled bar can be gained using the CaO-CaF2 refining slag adding CaC, which is 0.0036%, while the total oxygen contents of rolled bar using CaO-Al2O3 refining slag is higher a little than the heats using CaO-CaF2 refining slag. The CaO-SiO2 and CaO-Al2O3-SiO2 compound inclusions with the size of about 5 μm are the main inclusions in the heats refining by the CaO-CaF2 refining slag in the rolled bar, but the pure, indeformable Al2O3 inclusion can also be found with the size of about 10 μm. The CaO-Al2O3-SiO2 and Al2O3-SiO2-MnO compound inclusions are the main inclusions in the heats refining by the CaO-CaF2-CaC refining slag, but most of the inclusion shape is irregular with bigger size of about 10 μm. Similar with the heat using CaO-CaF2 refining slag, the pure Al2O3 inclusion with edge angle can be found in the rolled bar. The inclusions in the rolled bar treated by CaO-Al2O3 refining slag are CaO-Al2O3-SiO2 compound inclusions, most of which are nearly globular shape with the relative small size of about 5 μm. All of the inclusions in rolled bar lie on the low melting zone in the CaO-Al2O3-SiO2 ternary phase diagram in the heats using CaO-Al2O3 refining slag. The similar condition appeared on the most of the inclusions in the heats using CaO-CaF2 and CaO-CaF2 refining slag adding CaC, while part of which are lied on the high melting zone. Therefore, considering of the plastic deformation ability, the CaO-Al2O3 refining slag is the best slag for the melting process of hard wire steel.