This study investigated lignin as a reducing agent instead of fossil carbon for the reduction of zinc oxide and zinc ferrite contained in steelmaking dusts. Three types of dusts from different steelmaking processes were considered: ferrochrome converter (CRC), electric arc furnace stainless steel (EAFSS) and electric arc furnace carbon steel (EAFCS). Zinc is primarily found in zincite phases within CRC dust, while EAFSS and EAFCS dusts contain franklinite and zincite phases as Zn-bearing minerals. The proximate analysis of lignin showed that the fixed carbon content is 28.9%. Thermogravimetric (TG) analysis coupled with differential scanning calorimetry (DSC) and mass spectrometry (MS) was used to study the reduction behavior of different mixtures of lignin and steel dusts under inert and air atmospheres. Simultaneously, the minimum ratio of lignin out of three different proportions required to achieve a complete reduction of franklinite and zincite phases into metallic zinc was identified. The results indicated that a 1.1 stoichiometric amount of lignin is sufficient for the complete reduction of zinc-bearing minerals into metallic zinc. In conclusion, lignin can be used efficiently for processing steelmaking dusts.