Abstract Refractory iron ore is often discarded as tailings. This causes a great waste of iron resources. In this paper, the flash roasting-magnetic separation process was designed by combining the magnetic separation process of magnetite and the process mineralogy of iron tailings. The flash suspension roasting effects with 3–4 s roasting time were evaluated by magnetic separation. The MLA results show that the tailings are ground to a fineness of P90 −75 μm, where the distribution of siderite and M/H in the −75 μm particle size is 85.37% and 92.75%, respectively. Moreover, M/H and siderite are mainly associated with muscovite and quartz. This indicates that regrinding for contiguous bodies of M/H and siderite is beneficial for improving the grade and recovery of iron concentrates. The results of the flash roasting-magnetic separation process show that a mixed iron concentrate containing 60.10% Fe with an iron recovery of 81.13% would be achieved after selective grinding and staged magnetic separation of the roasted ore. The result indicates that the flash suspension roasting effects with 3–4 s roasting time are achievable. The study provides an efficient approach for recovering refractory iron from tailings.