Ferro-Titanit® is a metal matrix composite (MMC) with a high wear and corrosion resistance. It contains TiC as hard particles on account of their high hardness, good corrosion resistance, and low density. This wear- and corrosion-resistant material is amenable to machining in the soft-annealed state, which gives rise to chips containing a large amount of the expensive TiC hard particles. Due to the cost of TiC, there is great interest in recycling the TiC from these chips so that it can be reused in the production of further Ferro-Titanit® materials. In this study, the recycled TiC [(Ti,X)C] is investigated with regard to morphology, particle size, chemical composition, and phases, and the results were compared to industrially produced TiC. In the next step, the (Ti,X)C was reused in the production of new Ferro-Titanit®. The Ferro-Titanit® reinforced with (Ti,X)C was also characterized with respect to microstructure, wear behavior, and corrosion resistance. Our investigations identified a change in the chemical composition of the TiC as a result of diffusion processes and a decrease in TiC particle size with respect to the initial state. The change in morphology and size of TiC during the recycling process influences the microstructure and the material behavior of the MMC containing recycled TiC.