The invention discloses a desulfurization and 
deoxygenation process for 
smelting precise or special alloys by using a medium-frequency 
induction furnace multi-
slag method. The process is characterizedin that the capacity of a medium-frequency 
induction furnace is less than or equal to 6 tons, 
metal raw materials loaded into the furnace must be clean and 
rust-free, and pure iron is inserted into the furnace in the form of a cast rod. During 
smelting of one heat steel, the total number of times of repeated new 
slag making reaches two or more, crusting 
slag and flowing slag on the surface of a 
molten pool need to be removed clearly every time slag making is conducted, and a thin slag layer capable of covering the 
molten steel surface is reserved, and then new slag is made in time. The 
alkalinity of the slag is 3-3.6, and 
precipitation and 
diffusion deoxidation are preformed according to requirements. In the refining period, the temperature of 
molten steel is controlled to be 1590-1610 DEG C, and the tapping temperature is controlled to be 1610-1630 DEG C. After the 
molten steel is poured into a steel containing 
barrel, Ar is blown and stirred, and then the molten steel is cast into asteel 
ingot under an Ar 
gas protection device. According to the process, the contents of 
sulfur and 
oxygen in the steel can be remarkably reduced, and high-end 
metal products such as precision or special alloys for cold or 
hot working can be successfully smelted.