The invention relates to a low-grade 
iron ore direct reduction method, which comprises: calculating and taking a certain amount of 
coal powder, an additive, a binder and water by adopting the 
dry basis mass of 
iron ore to be treated as reference; uniformly mixing the taken components, and completely 
wetting to obtain an internal matching 
coal; uniformly mixing the internal matching 
coal and 
iron ore particles to be treated, and granulating to obtain granulated 
pellets; directly conveying the obtained granulated 
pellets into a 
rotary kiln, carrying out 
drying, pre-heating, and reduction 
roasting to carry out coal base direct reduction so as to obtain a reduced material, cooling the reduced material in the absence of air, and carrying out dry 
magnetic separation to obtain the reduced 
roasting pellets and the 
residual carbon; and carrying out treatments such as ore 
grinding and 
magnetic separation on the reduced 
roasting pellets to obtain iron concentrate, or carrying out re-
grinding and re-
magnetic separation to obtain the reduced 
iron powder, wherein the obtained 
residual carbon can be recycled. With the method of the present invention, the low-grade iron ore can be effectively treated, the internal matching coal and the additive are used to granulate, the wet pellets enter the 
kiln, the coal base direct reduction is performed, the magnetic separation is performed to obtain the high-grade iron concentrate or the directly-reduced 
iron powder, and the method has characteristics of energy saving, high efficiency, and rapidness.