3-D shape soft magnetic composite parts can be formed by general compaction method of powder metallurgy. In this study, the results on the high density nanostructured Fe-Si/Fe composite prepared by a warm compaction method were presented. Ball-milled Fe-25 wt.%Si powder, pure Fe powder and Si-polymer were mixed and then the powder mixture was compacted at various temperatures and pressures. Pore free density of samples up to 95% theoretical value has been obtained. The warm compacted sample prepared at 650 MPa and 240℃ had highest compaction properties in comparison with other compacts prepared at 300, 400 MPa and room temperature and 120℃. The magnetic properties such as core loss, magnetization saturation and coercivity were measured by B-H curve analyzer and vibration sample magnetometer.