The effect of mechanical activation on the reduction kinetics of magnetite concentrate by hydrogen was studied. The magnetite concentrate was milled for 8 h using a planetary mill. After the milling process, the average particle size was reduced from 14 to 4.4 μm resulting in a lattice microstrain of 0.30. Thermogravimetric experiments were conducted to focus on the chemical reaction as the rate controlling factor by eliminating external mass transfer effects and using a thin layer of particles to remove interstitial diffusion resistance. The onset temperature of reduction was decreased due to the mechanical activation, and the degree of conversion was decreased by sintering of particles which was confirmed by SEM analyses. In view of the results, a reaction rate expression is discussed from which the activation energy is calculated.