A device for manufacturing molten iron is provided. The device for manufacturing the molten iron includes a multi-stage fluidized reduction furnace for reducing a powdered iron ore including hematite and limonite, a melting gas furnace connected to the fluidized reduction furnace through an ore conduit and a gas conduit, a fluidized bed oxidation furnace for oxidizing magnetite to be converted into hematite through steam provided from the fluidized reduction furnace, and a hydrogen processing unit for processing hydrogen generated by the oxidation reaction of magnetite in the fluidized bed oxidation furnace.