In the present research, charging carbon composite briquettes (CCB) in a blast furnace (BF) was investigated. The CCB used contained 29.70 wt.% Fe3O4, 39.70 wt.%, FeO, 1.57 wt.% iron, 8.73 wt.% gangue, and 20.30 wt.% carbon. Its reaction kinetics in BF was examined by nonisothermal tests and modeled. Thereafter, the influence of replacing 10% ore with CCB on BF performance was studied by numerical simulations. Results showed that the CCB reaction behavior in BF could be modeled using the previously proposed model under ags = 1900 m2·m−3. Numerical simulations on a BF with a production of 6250t hot metal per day (tHM/day) showed that replacing 10% ore with CCB efficiently improved the BF operation for coke saving. In the CCB charging operation, the CCB reached a full iron-oxide reduction above the cohesive zone (CZ) and a carbon conversion of 85%. By charging CCB, the thermal state in the BF upper part was significantly changed while it was not influenced in the BF lower part; the ore reduction was retarded before the temperature reached 1073 K and was prompted after and the local gas utilization tends to increase above the CZ. By the CCB reduction above the CZ, BF top gas temperature was decreased by 8 K, the BF top gas utilization was increased by 1.3%, the BF productivity was decreased by 17 tHM/day, the coke rate was decreased by 52.2 kg/tHM, and ore rate was decreased by 101 kg/tHM. Considering the energy consumption of sintering and coking, charging the CCB could have a significant energy-saving and CO2-emission-reducing effect for BF iron making.