An iron-based composite reinforced by in situ-formed tungsten carbide particles was fabricated on gray cast iron substrate by a centrifugal casting process. The as-prepared composite was characterized by X-ray diffraction, scanning electron microscopy, and microhardness and wear testers. An appropriate pouring temperature (1300 °C) of the gray cast iron melt was chosen considering the dissolution temperature of the tungsten wires determined by differential scanning calorimetry. The experimental results showed that the tungsten wires were dissolved partially by the cast iron melt. As a result, primary and secondary tungsten carbide particles and pearlite with a negligible amount of graphite flakes were formed as the reinforcing phase and the matrix, respectively. The composite with a thickness of about 3 mm was dense and metallurgically bonded to the gray cast iron substrate. Wear resistance was determined by a pin-on-disc wear test technique, indicating that the composite containing high volume fraction of hard tungsten carbides presented higher wear resistance compared with the unreinforced gray cast iron.