Design flexibility, mass customization, waste reduction and the ability to manufacture near-net complexshape structures, as well as rapid prototyping, are the main advantages of Metal Injection Molding (MIM). A brief review of the MIM technique, materials and their development to trending applications using iron powders was delineated. The ground-breaking applications of MIM in automotive, medical, and magnetic materials were discussed. The current-status of iron powder product development prepared for MIM was reviewed. In addition, this paper discussed the main processing challenges considering the MIM technology for producing high-end applications. Overall, this paper gives a summary of MIM, including a study on its benefits and opportunities and as a roadmap for future research and development in iron and steel powder manufacturing technique. KEY WORDS: metal injection molding; iron powders; mass customization; microstructure. ders such as copper, molybdenum, chromium, and nickel. 6) Currently, estimate share of MIM in metal powder industry is minimal, close to 6 000 TPA for iron powders (excluding stainless steel and high alloy steels). 7) The demand is Table 1. Global pure iron powder production (in MT) of key manufacturers in 2017 (Source: QYR Chemical & Material Research Centre, April 2017).