The structure and properties of Fe-29Ni-17Co alloy which had been melted using induction furnace in air atmosphere and than electroslag-remelted were investigated. The oxygen content was reduced to 0.03% when the ingot was refined from $0.09{sim}0.12%$ of that air melted. The amounts of spheroidal oxides inclusions and gas porosities of ingot were markedly reduced by the ESR process. CTE of ESR ingot contained small amount of oxides and porosities was found to be lower than that of AIM ingot, and tensile properties of ESR ingot and plate were found to be superior than that of AIM ingot and plate.