Carbon nanotubes are the latest trends in the study of powder metallurgy and nanocomposites. This is due to the exceptional properties like superior mechanical and electrical properties, high Young’s modulus, high tensile strength, smaller diameters, high elongation and high chemical stability. CNT’s is an attractive reinforcement for metal matrix composites. CNT are now reinforced with many metal matrix composites like aluminium, iron, manganese, copper etc. with considerable change in density of the material. Due to high aspect ratio that facilitates their tubular structure and high strength the CNT’s are reinforced with ferrous powder by implying powder metallurgy process and the results have been recorded. Such recordings of the effects of CNT on Ferrous powders are reviewed in this paper.