Seventeen new experimental filler metals from eight different alloy systems based on Fe–P–X and Mn–Fe–P–X (X = B, C, Si in various combinations) were created and experimented with. DSC analyses were performed to determine the solidus and liquidus temperatures and the melting ranges. Hardness measurements of the alloys were performed in the as-cast state. The alloys contain primary and eutectic intermetallic compounds that make them very hard with average hardness values ranging from 590 HV10 to 876 HV10. The wettability was determined at 1000 °C, 1040 °C and 1080 °C on C22 non-alloy steel and 15CrNiS6 low-alloy steel in Ar 4.6 and 78 vol% H2-22 vol% N2 atmospheres. The results show good wettability at T = 1080 °C in both atmospheres, as the contact angles were mostly ≤30°. Thirteen alloys exhibit very good wettability with average contact angles of ≤15.5°. Nine alloys exhibit excellent wettability with their average contact angles being ≤10°. Wettability improves at higher temperatures. The liquid alloys are reactive to solid steels and form a diffusion joint. Diffusion of P, B, C, and Si from the filler metal into the base material dealloys the composition of the melt near the joint interface. For the same reason, a continuous layer of solid solution forms on the joint interface. When brazing with filler metals rich in carbon, strong carburisation of steels can be observed near the joint.