An empirical equation of carbon solubility in Fe-Cr-C melts is regressed based on the experimental data from references. A calculating model of mass action concentrations for these melts is formulated on the basis of the coexistence theory of metallic melts involving compound formation, the phase diagram of Cr-C system as well as thermodynamic data of Fe-Cr-C melts. According to the model, the standard Gibbs free energies of formation of CrC and Cr₃C₂ are obtained. Satisfactory agreement between the calculated and measured values shows that the model can reflect the structural characteristics of Fe-Cr-C melts.