The invention discloses a smelting method for improving the phosphorus removal rate of a converter. The method comprises the following steps of: at the later stage when steel splashing slag is emptied in the converter, adding 500 to 800 kilograms of lime, slightly stirring, pre-heating, adding waste steel, and blending molten iron; adding a bath of slag forming material such as lime, lightly burnt magnesium blocks, ores and the like when blowing to 45 to 60 seconds, lifting an oxygen lance by 200 millimeters when blowing for 4.5 minutes, continuously adding 4 to 5 batches of ores, and uniformly controlling the heating speed of a molten pool to increase the FeO content of slag; when blowing to 7 minutes, properly lowering the lance for 50 to 100 millimeters, meanwhile, reducing the oxygen pressure to 0.80MPa, and continuously adding 2 to 3 batches of rest lime; and keeping the position of the final point pressure lance at 1,000 millimeters for 1 minute. By adopting the method, full-process slag smelting can be realized, the slag is not re-dried, a good phosphorus removal effect is obtained, the phosphorus removal rate is improved by 10 percent compared with the conventional smelting process, and the requirement for smelting the molten iron with a high content of phosphorus can be met.