Particle size distribution (PSD) of wide-distributed carbonyl iron powder (CIP) particles in concentrated suspensions was measured by the ultrasonic attenuation technology, with the purpose to analyze their dispersion behaviors. And their zeta potential was measured with the electroacoustic technology. During measuring PSD of these particles with primary size ranging from about 100 nm to 10 μm, both visco-inertial and scattering mechanisms were considered. It was found that there appeared opposite evolution of PSD curves for nano-scale particles and micro-particles, namely, d01 increased but d99 decreased when the concentration increased from 15 wt% to 35 wt%, while the trend was reverse when the concentration increased from 35 wt% to 75 wt%. It meant that small particles and large particles had opposite dispersion behaviors when the concentration changed. And zeta potential of the particles was negative, with absolute values not higher than 22 mV, while particle concentration and carrier liquids had some influences. This opposite evolution was found firstly in measuring PSD in concentrated suspensions, where non-DLVO (Derjaguin, Landau, Verwey, and Overbeek) interactions could markedly influenced dispersion behaviors of the wide-distributed CIP particles. And it might bring forward some challenges to disperse these particles fully for some advanced applications.