Large steel industries have time-varying nonlinear loads such as electric arc furnaces. These nonlinear loads generate harmonic currents and create distortions on the sinusoidal voltage of the power system. The main objective of the static var compensator is to maintain the rms voltage at the point of common coupling within the limit. In this research, harmonic mitigation studies were conducted with and without the SVC, and time-varying harmonics were evaluated according to the international harmonic standards (IEC 61000-3-6 and IEEE Std. 519) using a cumulative probabilistic approach.