The Hall resistivity of natural single crystals of pyrrhotite Fe7S8 exhibits oscillations with the inverse external magnetic field 1/B at temperature 77 K and B up to 0.73 Tesla. This resembles phenomena due to Landau quantization of the carriers demanding very pure samples, temperatures near 4 K and magnetic fields of several Tesla. However, none of these requirements is met in the experiments. The oscillations appear only when there is orientation of the elementary magnetic moments of Fe atoms, which happens when B is parallel to the c‐plane at 77 K. At room temperature with the orientation destroyed by the thermal agitation and for B parallel to the c‐axis along which the alignment of the Fe magnetic moments is negligible, the oscillations disappear. According to the s–d model proposed for heavily doped magnetic semiconductors, defects and impurities produce large local fluctuations of carrier concentrations. These through the strong s–d exchange interaction between the carriers and the lattice magnetic moments of Fe establish variations of local magnetization. These constitute scattering centers which are enforced for certain values of B, though for others weaken giving the oscillatory behavior of the Hall resistivity.