The synthesis of a real-time model of the electric mode of an arc steelmaking furnace is shown. This model is based on the method of medium-voltage and can be used to analyze the impact of the arc steelmaking furnace on the supply network at different stages of the melting process at different control systems of the electromechanical electrode movement system, and to create model-predictive control systems of electrode movement, when control using hardware in the loop technology. To implement the chosen method, the dynamic arc resistance was used. The last was obtained on the basis of the averaged experimentally taken volt-ampere characteristics of the arc. In paper was proposed its approximation as a current function and arc length. The simulation results obtained using the created model for different operation modes of the arc steelmaking chipboard for a system with a traditional regulator of the electrode movement system are demonstrated.