As a key mineral of low carbon and high corrosion resistant cement clinker, ferrite phase plays an important role in improving the burnability of cement raw meal, the formation and hydration of clinker, and the ability of cement to corrosion resistance. This review represented recent work on the physicochemical properties of ferrite phase and the influence of ferrite phase on Portland cement and calcium sulphoaluminate cement. The effect of ferrite phase on the mineral formation, hydration rate and hydration product, mechanics and corrosion resistance of two cement clinker was emphatically discussed. In addition, some issues that need to be solved urgently and the application prospect of low-carbon high corrosion resistant cement were also represented.