Under the dual requirements of cost reduction and double carbon goal, it is more meaningful to reduce the continuous consumption of graphite electrode in ladle furnace. In this paper, the three-dimensional coupling model of electromagnetic field, heat transfer, flow field is established, and the influence of embedded steel rod on the current, temperature and continuous consumption of graphite in the electrode was studied. The current in graphite and steel rod is mainly distributed in the edge area near the left electrode, respectively. With the increase of the radius of the steel rod, the proportion of the current passing through the steel rod to the total current increases, the area of each temperature range above 500 K and the total continuous consumption rate of the electrode decrease.