Measurements of the activities of FexO in complex slags during the final stages of external dephosphorization by using a disposable electrochemical oxygen probe. Positive deviations of the FexO activities from the Raoult law. Iso‐activity curves drawn on the “ternary” diagram, (CaO + MgO + MnO + CaF2) + FexO + (SiO2 + P2O5) at 1673 K. Calculations of the activities of P2O5 in complex slags with an assumption of thermodynamic equilibrium between slags and hot metal. Beneficial effect of CaF2 in the slags with respect to lowering of the P2O5 activity.