Provided is a production method for refining iron oxide (hematite), which has such a low sulfur content as to be used as a raw material for ironmaking from a leach residue containing iron oxide, the leach residue being produced by a high pressure acid leach (HPAL) process and being a raw material that can be cheaply and stably procured. In the method of producing (high purity) hematite for ironmaking by a process of adding an oxidant and sulfuric acid to nickel oxide ore and then leaching nickel, a leach residue obtained after the leaching of nickel is heated to 600° C. or more, and preferably 800° C. or more and 1400° C. or less.