Ferro-coke, as a new burden of blast furnace (BF), can not only greatly reduce the energy consumption and CO2 emission, but also promote the resource utilization by using the low-quality iron ore and low-grade coal. However, the strength of ferro-coke decreased with the increasing amount of iron ore powder. In order to maintain the strength of ferro-coke while increasing the amount of iron ore powder, it is necessary to add binder during the coking process to enhance the strength of ferro-coke. In this paper, phenolic resin, silicon metal powder, corn starch, and coal tar pitch were used as binder for the fabrication of ferro-coke. I-type drum machine (I 600), scanning electron microscope (SEM), and X-ray diffraction (XRD) were applied to test the crushing strength, morphology, and microcrystalline structure of the ferro-coke. The results showed that the increasing amount of iron ore powder resulted in lower crushing strength, higher porosity, and the worse macroscopic morphology of ferro-coke. When the amount of iron ore powder reached 40%, obvious cracks appeared on the surface of ferro-coke. When the amount of iron ore was 30%, the crushing strength of ferro-coke dropped to 18.15%. Among the four binders, coal tar pitch could significantly enhance the cold crushing strength of ferro-coke through decreasing the porosity of ferro-coke and improving the bonding effect between carbon matrix particles. In the case of the 10% coal tar pitch addition, the cold crushing strength of ferro-coke was increased from 18.15% to 76.41%; meanwhile, its hot compression strength during gasification improved by 100N.