In a molten iron refining method by charging molten iron and a cold iron source into a converter type refining vessel, supplying a material containing CaO with an oxygen source dissolving the cold iron source and conducting molten iron desiliconization, removing at least a part of the produced slag as an intermediate slag removal, and supplying a slag-forming agent and an oxygen source to the molten iron for dephosphorization, a silicon-containing material or a combination of it and carbonaceous material is added in the desiliconization then carried out under conditions such that the slag basicity (mass % CaO/mass % SiO2) in the desiliconization completion is more than 0.5 but less than 1.5 and a molten iron temperature in the desiliconization completion is more than 1280° C. but less than 1350° C. and more than 30 mass % of the slag produced in the desiliconization is removed from the vessel in the intermediate slag removal.