Based on the difference of hydroxy group configuration on different planes of α-Fe2O3 nanoparticles, using the special adsorption and coordination of phosphate on the (001) plane of α-Fe2O3, well-crystallized and well dispersed α-Fe2O3 nanodisks with diameter of 150-200 nm and thickness of 40-80 nm were synthesized via a hydrothermal method. The magnetic properties of synthesized nanodisks were investigated. It was found that the nanodisks possessed a saturation magnetization (Ms) of 0.38 emu/g, a remanent magnetization (Mr) of 0.031 emu/g and a coercivity of 452.91 Oe at room temperature. The Mr and coercivity of synthesized α-Fe2O3 nanodisks are higher and the Ms is lower than those of other previously reported α-Fe2O3 nanostructures.