This work explores the possibilities to design magnetite-based spinels through multiple simultaneous co-substitutions with transition metal cations, with emphasis on redox behavior and electronic transport. For the first time this approach was assesses for high-temperature applications, being of particular interest for the development of consumable anodes for pyroelectrolysis, an alternative carbon-lean steelmaking process. A Taguchi plan was used to assess the impact of the concentration of substituting chromium, titanium, manganese and nickel cations on the lattice parameter and electrical conductivity of the multicomponent ferrospinels. The results revealed comparable decrease in the electrical conductivity, provided by Cr 3+ , Mn 3+/2+ and Ni 2+ cations. The impact of Ti 4+ was found to be less negative, contributing by the formation of Fe 2+ cations and increased hopping probability. Strongest structural impacts, exerted by manganese cations, are likely to affect the mobility of polarons, as revealed by the analysis of correlation factors for combined effects. Ferrospinels, containing various transition metal cations, are more susceptible to oxidation and phase decomposition, which often result in sudden conductivity drop and significant dimensional changes in ceramics. The observed trends for redox behavior suggest that the potential applications of multicomponent ferrospinels in oxidizing conditions are limited at 1000-1400 K due to insufficient stability, while higher temperature applications, requiring significant electronic conductivity, are rather suitable.