The effect of rotating magnetic field (RMF) on macro/microsegregation of solute elements is investigated experimentally, and a comprehensive three-dimensional mathematical model is built, and the finite element package ANSYS® is employed to calculate the distribution of temperature and liquid fraction along the radial direction in horizontal continuous casting of CuNi10Fe1Mn alloy hollow billet. The results show that RMF makes the temperature field and liquid fraction uniform. The original inhomogeneous columnar grain macrostructure turns into homogeneous equiaxed grain structure, and the macro/microsegregation of Ni, Fe, and Mn elements are restrained effectively with the application of RMF. Moreover, the action mechanism of RMF is discussed to explain its effect on improving the distribution of solute elements.