Hot upsetting experiments were carried out on presintered steel powder preforms in the temperature range 700- $950^{circ}C$ to examine the hot deformation behavior. Following conclusions were drawn on the basis of the present study. -The flow stress during hot deformation is directly related to $alpha$- $gamma$ phase trasformation - The flow stress of ferrite is lower than that of austenite in the moderate temperature range 800- $900^{circ}C$ for most alloys used in the present study - Major restoration behavior during hot deformation in the ferrite range is dynamic recovery.