In some applications, deep desulfurization and deoxidation of steels without the use of aluminum are required, using Si as a deoxidant instead, with double-saturated slags in the CaO-SiO2-CaF2-MgO system. This work studied the desulfurization and nonmetallic inclusion evolution for the system using an induction furnace and compared the results with FactSage kinetic simulations. Steel samples were taken from the steel melt and analyzed with ICP-MS and combustion analysis for chemistry, and SEM/EDS for nonmetallic inclusion quantity, size, and composition. The results indicate that the steel was deeply desulfurized, with a final sulfur partition coefficient of 580; MgO was reduced from the slag, yielding dissolved [Mg] that transformed liquid Mn–silicate inclusions into forsterite and MgO. Intentional reoxidation of the melt with oxidized electrolytic iron demonstrated a significant concentration of dissolved [Mg] in the steel, by the formation of additional forsterite and MgO upon reoxidation.