Iron-reducing bacteria (IRB) seek to unravel iron corrosion for oil and gas steel pipeline failure. IRB continued to be dominating the microbiological corrosion of iron structures in steel by deteriorating steel surface via Fe(III) reduction. The mechanisms by IRB mediate Fe(III) reduction into Fe(II) for bacterial respiration to contribute to iron steel corrosion. However, the complexity of corrosion is not fully comprehended. It remains controversial due to the corrosion mechanisms proposed by IRB that may induce or inhibit corrosion when engaged with microbial biofilm. In this brief review, understanding microbiological corrosion mechanisms associated with IRB interactions may better understand microbiological corrosion and derive corrosion control.