The invention provides a method for efficiently recovering dust sludge containing C and Fe in the iron and steel industry and relates to a dust sludge recovering method in the iron and steel industry. According to the method, the dust sludge containing C, Fe, Ca, Si and other impurities in the iron and steel industry is screened, crushed, magnetically separated and then selected in a flotation manner to get a high-C-content material, the high-C-content material is added with rosin for lipidation and cementation after being air-dried, then is compressed into the ball or rod shape, and is air-dried to get lipidation coke used as a reducer and fuel in the smelting industry. The method can efficiently recover C and Fe, the yield of the C-containing material is high, the burning is more thorough and sufficient, the heat efficiency is higher, and the method facilitates popularization and application.