In the hot dip galvanizing process, steel products are immersed in a liquid zinc bath. The contact of steel with liquid zinc causes the corrosion of the steel as a result of Fe dissolution processes in the liquid. If the dissolution process is carried out in a controlled manner, it results in the formation of a coating. Uncontrolled dissolution leads to the degradation of the steel surface. This article presents the results of research into the influence of Bi and Sn additions to zinc baths on the corrosion of steel in liquid zinc. Corrosion tests were carried out under conditions of kinetic dissolution using the rotating disc method. The kinetic dissolution constants of steel with different Si contents in Zn, Zn-0.5Bi and Zn-2Sn baths were determined. It was found that the addition of Bi and Sn lowers the value of the dissolution constant and may act as an inhibitor of Fe dissolution in liquid zinc. Based on the measurements and the determined value of the dissolution constant, the activation energy of kinetic dissolution was determined. It was found that in the temperature range of 440–480 °C, the addition of Bi and Sn increases the value of dissolution activation energy, which reduces the intensity of Fe transfer to the zinc bath.