Effects of casting Processes and lubricant addition were studied to improve remanence of 31RE-68TM-lB based sintered magnet by using axial pressing process. Strip casting was effective to get the fine and homogeneous microstructure without ${alpha}$-Fe segregation. The strip cast flake resulted in narrower particle size distribution after jet milling with respect to the conventional cast ingot. During pressing step with a magnetic field, the particle alignment was increased by appropriate addition of liquid lubricant. In this study, it was revealed that narrow particle size distribution and appropriate addition of liquid lubricant were essential to improve the grain alignment and thus the remanence of Nd-Fe-B sintered magnet.