J.R. S. answered 12/27/20
Ph.D. University Professor with 10+ years Tutoring Experience
The half reaction involving Fe is
Fe2O3 + 6H+ + 6e-—> 2Fe + 3H2O (eq 1)
The half reaction involving C is
CO + H2O—> CO2 + 2H+ + 2e- (eq 2)
multiply eq 2 by 3 to equalize electrons and add the two equations to end up with
Fe2O3 + 3CO —> 2Fe + 3CO2
This is the way you should balance such a redox reaction.