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Ce has been widely used in oxide metallurgy for modifying inclusions and refining microstructure. Effect of Ce contents on the evolution and characteristics of non-metallic inclusions and the formation of acicular ferrite (AF) in Ce-treated Ti-Mg-killed EH36 steel was investigated. The results showed that the main type of inclusions in Ti-Mg deoxidized steel was MgO·Al₂O₃-MnS. After 0.014%, 0.024% and 0.037% Ce were added into the steels, dominant inclusions became CeAlO₃-MgO-MnS, Ce₂O₂S-MgO-MnS and Ce₂O₂S-MnS, respectively. The precipitation of pure MnS was suppressed in the steel with 0.024% Ce, while the number density of total inclusions increased significantly in the steel with 0.037% Ce, causing the inclusions distributing densely. Ce addition refined the microstructure of tested steels by promoting AF formation and polygonal ferrite distributing evenly. Dispersive distribution, low lattice mismatch against α-Fe, as well as lower number density of pure MnS caused the highest number density of effective inclusions (nucleus of AF formation) in 0.024% Ce-treated steel.