NiZn-ferrite was synthesized from waste catalysts, which were produced from styrene monomer process and buried underground as an industrial wastes, and its magnetic properties were investigated. Nickel oxide and zinc oxide powders were mixed with finely ground waste catalysts, and spinel type ferrite was obtained by calcination at 900$^{C}$ and sintering at 1230$^{C}$ for 5 hours. The intial permeability was measured and reflection loss was calculated from S-parameters for the composition of Ni$\_$x/Zn$\_$1-x/Fe$_2$O$_4$(x=0.36, 0.50, 0.66). NiZn-ferrite synthesized from waste iron oxide catalyst showed a feasibility for the use as electromagnetic wave absorber in X-band.