Ultra-thin Fe–6.5wt.%Si ribbons with 35 μm in thickness were prepared by melt-spinning. The magnetic properties were investigated before and after annealing 1000 ºC. DC properties and low-frequency (400 Hz ~ 10 kHz) iron losses have significantly improved after heat treatment. A simplified formula based on Steinmetz law which can be used to predict the AC iron loss is presented. According to the results of some iron losses data, a simplified formula has been determined, and the extent of AC iron losses can be predicted. The results obtained from the formula predict AC iron loss to a good degree. The method developed in this work could be extended to other magnetic materials for predicting AC iron loss with greater ease.