A method for collecting an iron-based powder includes the steps of; preparing a raw material powder containing a first metal powder containing 90% by mass or more of iron; forming a green compact by subjecting the raw material powder to uniaxial pressing using a die; machining the green compact; and collecting a second metal powder having an average particle diameter of 50 μm or more and 500 μm or less from machining chips generated in the step of machining.