Carbon-carbon composites were prepared with commercially available carbonized and graphitized fibres, with a mixture of pitch and phenolic resin as a binder and pitch as an impregnant. The contents of pitch in mixtures were : 0, 10, 20 and 30 wt %. The influence of pitch content in the mixture and fibre type on mass loss, shrinkage and mechanical properties of the composites was examined. With an increase of pitch content mass loss and shrinkage increased, while mechanical properties decreased. After three densification cycles, flexural strength increased with increasing pitch content in the binder, especially for composites with graphitized fibres.