Hematite is a very protective stone and is great to carry to help you stay grounded in many situations. Hematite is also good for working with the Root Chakra, helping to transform negative energies into a more positive vibration.
Hematite is used to bring mental organization and is very grounding and calming. It can help with original thinking, logical thinking, and mathematics, any type of thinking which requires significant mental organization.
Emotionally, hematite decreases negativity. This lowering of negativity can benifit by helping balance the body/mind/spirit connection. It also is said to balance the meridiians, boost self-esteen, and self-confidence.