The current domestic conditions of sintering waste heat generation are introduced. The waste heat utilization methods are given according to waste heat characteristics of 360m2 sintering machine. The particle regenerative heat exchanger model is used to calculate heat transfer area of the first part of the circular-cooler. The logarithmic mean temperature difference method is used to calculate the heat transfer of closed cycle cooling air and the temperature of exhaust gas. The thermodynamic analysis of sintering heat generation process is completed. The power generation efficiency and quantity are calculated by using the heat balance and exergy analysis method.