We developed a mathematical optimization model coupling chemical compositions and high-temperature characteristics of sintering materials, targeting the best quality and lowest cost. The simplex algorithm was adopted to solve this model. Four kinds of imported iron ores, two kinds of Chinese iron ore concentrates, and two kinds of fluxes were selected to verify both the model and the algorithm. The results confirmed the possibility of considering both chemical compositions and high-temperature characteristics of iron ores in the optimization model. This model provides a technical roadmap to obtain a precise mathematical correlation between the lowest cost and the grade of iron in sinters based on the condition of given raw materials, which can provide a reference to adjust the grade of iron in the sintering process for enterprise.