The solidified microstructure and the modified treatment have been systematic studied for the low carbon high boron Fe-C-B steel. The cast solidified microstructures of the low carbon high boron steel are consisted of the matrix and the boride phases. The matrix phase is consisted of the ferrite, pearlite and a few martensite phases. The boride phases of the hypoeutectic steel are based mainly on the Fe2B phase. With the increasing of the boron content, the Fe2B phase is decreased. When the boron content is excess 2.6wt.%, the boride phases are changed from the single Fe2B phase to the compound structures. Meanwell, the morphologies of the boride phases are transformed from the long strip-shaped and the fish-bone reticular structure to the rosette type. The boride phases of the eutectic steel are mainly the M2B phase. However, for the hypereutectic steel, it are composed of the M23(C, B)6 and B0.7Fe3C0.3 phases. The suitable modifier for the hypoeutectic low carbon high boron steel is the compound modifier 0.2%RE+0.2%Ti. After modified, the reticular boride phases are disconnected. Moreover, there existed some of isolated massive borides. The appropriate modifier for the hypereutectic steel is the compound modifier 0.9%Nb+0.4%RE. After modified, the primary borides are fine refined and tend to round.