The invention relates to a system for extracting iron particles and zinc powder from dust of a steel and iron plant. The system for extracting the iron particles and the zinc powder from the dust of the steel and iron plant is characterized by comprising a mixer, a ball press, a dryer, a swinging belt machine, a rotary hearth furnace, a spiral discharger, a finished product cooler, a mechanical sieve, a waste heat boiler, a heat exchanger, a combustion fan, a dust remover, a draught fan and a chimney; and the output port of the mixer is communicated with the input port of the ball press through conveying equipment, the output port of the ball press is communicated with the input port of the dryer through the conveying equipment, the output port of the dryer is communicated with the input end of the swinging belt machine through the conveying equipment, the swinging belt machine is arranged in a buffer bin of the rotary hearth furnace, the material output port of the rotary hearth furnace is communicated with the finished product cooler through the spiral discharger, and the output port of the finished product cooler is communicated with the input port of the mechanical sieve through the conveying equipment. The system reduces the production energy consumption and the cost, and can realize comprehensive utilization of resources.