Low‐density steels have garnered widespread attention as novel lightweight materials. Owing to its high Mn and Al content, brittle AlN inclusions, detrimental to both steelmaking and steel properties, can precipitate directly from the molten steel. Employing slag absorption effectively removes these floating AlN inclusions from the molten steel. Herein, a series of analytical methods are utilized to investigate the dissolution behavior of AlN in CaO–Al2O3–MgO refining slag and CaO–Al2O3–F–Li2O–BaO mold flux. The results indicate that the initial dissolution temperatures of AlN in the slag and mold flux are 1361 and 1080 °C, respectively. The dissolution in the refining slag is attributed to the high‐temperature self‐decomposition of AlN, producing N2(g). In the mold flux, the dissolution reaction involves both the high‐temperature self‐decomposition of AlN and its reaction with Li2O in mold flux, generating N2(g) and Li(g). No reaction interface is observed at the AlN‐slag/mold flux boundary. As the dissolution mass of AlN in the slag/mold flux increases, the Al2O3 content in the slag/mold flux rises. The main phases in slag transition from Ca9(Al6O18) to Ca12Al14O33 and Ca3Al2O6. In the mold flux, the LiBaF3 phase disappears, and the 11CaO·7Al2O3·CaF2 phase, which can degrade the flux's physicochemical properties, becomes the dominant phase.