The development of efficient bonding agents is one aspect of the advancement of refractories. Based on a newly developed binder system, a new generation of tar-resin bonded magnesia carbon products with high performance has been developed. Furthermore, the binder system characterized by high carbon yield after carbonization results in forming an extremely strong carbon bonding. It can improve refractories properties to get new product with more advantages than old refractories: more economic, lower cost and low toxicity. Tar-resin is not only used in shaped refractories, but also in more refractories types, such as monolithic refractories. Immersion experiments of MgO-C monolithic refractories samples in liquid steel at 1600℃ have been carried out for steel making industry.These experiments showed the formation of a dense and continuous MgO rich layer, on the interface between refractory and steel, and the possible formation of inclusions as large clusters protruding from the refractory surface. For the mechanical properties, the powder was heated up to 1400℃ in air to remove carbon, and was subsequently formed into brick shape. Standard ASTM was used to determine the MOR, porosity and density. It is found that antioxidantmaterials play an important role in improving the mechanical properties.