The invention relates to a method for utilizing iron containing metallurgical dust, which comprises that: steel-making 
sludge, metallurgical dust-removing 
powder and iron scale are mixed; the mixed raw materials are sent into a 
rotary kiln and dried, and the 
drying temperature is determined according to 
moisture content of the raw materials and controlled to be between 300 and 500 DEG C; the dried materials are cooled by a cooler, the cooled materials are added with 5 to 10 percent of 
caking agent by weight, and the material and the 
caking agent are fully stirred evenly by a wheel-rolling mixer; and finally, the mixture is pressed into cooled agglomerated pellet products by a twin-roller 
machine, the pressure of the twin-roller 
machine is more than or equal to 500 Kg / cm<2>, and the cooled agglomerated pellet products are prepared into finished products after separation by a vibration 
sieve. The method has the advantages of low production 
energy consumption, high product strength, low 
moisture content and good quality, and can realize full effective utilization of resources; and the finished products of cooled agglomerated 
pellets can be directly used as a cooling agent and a 
slag former in steel making, can improve 
smelting effect and achieve functions of cooling and 
slag forming, and can be also used for 
blast furnace process.