Impact loads in large iron and steel enterprise bring the power system reactive power impact, which makes the fluctuation of the system voltage, power factor and other parameters are out of the limitation of the national standard. Substation bus reactive load forecasting in large iron and steel enterprise can be introduced to determine reactive power optimization strategy and the switching of capacitors. In this paper, a combination forecasting model of quadratic self-adaptive exponential smoothing (QSES) model and converse exponential (CE) model has been proposed for substation bus reactive load forecasting. The numerical results in Jinan iron and steel Group show the application of this model is encouraging. Introduction