Biomass-based solutions have been discussed as having the potential to replace fossil-based solutions in the iron and steel industry. To produce the biocarbon required in these processes, thermochemical treatment, pyrolysis, typically takes place. There are various ways to produce biocarbon, alongside other products, which are called pyrolysis oil and pyrolysis gas. These conversion methods can be divided into conventional and non-conventional methods. In this paper, those techniques and technologies to produce biocarbon are summarized and reviewed. Additionally, the effect of different process parameters and their effect on biocarbon yield and properties are summarized. The process parameters considered were final pyrolysis temperature, heating rate, reaction atmosphere, pressure, catalyst, use of binders, and particle size. Finally, the effect of different reactor configurations is discussed. Understanding the combination of these methods, technology parameters, and reactor configurations will help to produce biocarbon with the desired quality and highest yield possible.