In recent years, demands for sintered ferrous material with higher strength are increasing. To satisfy these demands, studies and commercial use of the die wall lubrication method, the warm compaction method and the combination of both methods are widely carried out to achieve high density. The die wall lubrication warm compaction method makes it possible to achieve high density by reducing internal lubricant through die wall lubrication, although the method involves several issues such as prolonged cycle time due to lubricant spraying and difficulty in spraying lubricant in the case of compacting with complicated geometry. Meanwhile, the conventional warm compaction method requiring no die wall lubricant application cannot achieve such a high density as in the case of die wall lubrication warm compaction due to higher volume of internal lubricant. However, this report discloses our study result in which the possibility of improving density is exhibited by using a lubricant type with superior dynamic ejection property that can reduce volume of lubricant additive.