Device for hot dip coating a metal strand (1), especially a steel strip, in which the metal strand (1) is passed vertically through a coating tank (3) that contains the molten coating metal (2) and through a guide channel (4) upstream of the coating tank, with at least two inductors (5) installed on both sides of the metal strand (1) in the area of the guide channel (4) for generating an electromagnetic field in order to keep the coating metal (2) in the coating tank (3), and with at least two supplementary coils (6) installed on both sides of the metal strand (1) for generating an electromagnetic field superposed on the electromagnetic field of the inductors (5) in order to stabilize the metal strand (1) in a central position in the guide channel (4), comprising measuring devices (7, 7′, 7″, 8, 9) for measuring the position (s, s′, s″) of the metal strand (12) in the guide channel (4), the induced current (IInd) in the inductors (5), and the induced current (Korr) in the supplementary coils (6) and by automatic control devices (10) that are suitable for controlling the induced current (IKorr) in the supplementary coils (6) as a function of the measured parameters (s, s′, s″, IInd, IKorr) in order to keep the metal strand (1) in a central position in the guide channel (4), such that the supplementary coils (6) are installed within the extent of the inductors (5), as viewed in the direction of conveyance (R) of the metal strand (1).