This document summarizes a study that synthesized hematite (α-Fe2O3) from iron waste from lathe craft industries using a precipitation-calcination route. Iron lathe waste was found to contain over 96% iron and was used as the iron source. Precipitation produced goethite (α-FeOOH), while calcination of the goethite between 1-4 hours at 750°C produced hematite. X-ray diffraction and Raman spectroscopy analysis confirmed the phases produced. Optimal calcination time was 3 hours, which produced hematite with the highest crystallinity. The synthesis successfully produced pure hematite from the iron lathe waste.