The addition of Li2O increases production costs for continuous casting, despite its enhancement of the melting and flow properties of mould slag. Initially, laboratory research focused on assessing the individual impacts of Li2O, F, Na2O and Al2O3 on the viscosity and melting temperature of the slag, using a basicity of 0.95. Subsequently, four stages of industrial testing were conducted to optimise the slag, evaluating parameters such as temperature and friction force curves of the mould copper plate thermocouple, steel slag consumption per ton and strand surface quality. The optimised slag achieved a basicity of 0.98, a viscosity of 0.29 Pa·s and a melting temperature of 1115 °C, meeting all performance requirements for low-carbon steel mould slag. Compared to the original flux, the mass percentage of Li2O decreased significantly from 1.54 to 0 wt-%, while Na2O increased from 2.36 to 7.35 wt-%, and Al2O3 decreased from 7.28 to 3.49 wt-%. The operation of the optimised flux remained stable, with smooth fluctuations observed in the mould copper plate thermocouple temperature and friction force curves. These research findings hold significant reference and practical value for further development and application.