Introduction. Recently, sintered materials and products made of them have been increasingly used in powder metallurgy. In this regard, the issue of obtaining sintered products with high performance properties is acute. To achieve such properties, the materials are subjected to heat treatment. This procedure significantly affects their structure and mechanical properties. In production, sintered materials are most often subjected to subsequent hardening and tempering, as a result of which their equilibrium structure is established, grain growth stops, and strength characteristics improve.The article discusses the problems that arise in the formation of the qualitative structure of dispersed-hardened alloys as a result of their heat treatment.Problem Statement. The objective of this work is to study the phase changes in the process of cooling of powder steels and alloys in order to determine the modes of their heat treatment in order to form optimal conditions for the martensitic transformation of austenite.Theoretical Part. Phase transformations in powder steels occur in the temperature range at which their structures are rearranged, and as a result, the properties of the material change. The main factors affecting the phase transformations are the chemical composition of the alloy, the structure imperfection and the size of the grains. Changes in the structure and properties of alloys are considered in comparison with compact materials. Heat treatment significantly affects the phase and structural characteristics of powder materials, which are related to the mechanical characteristics of the alloys themselves.Conclusions. The conducted studies have shown that with an increase in the heterogeneity of the solid solution of steels, the temperature of the beginning of the martensitic transformation increased. A decrease in the temperature of the martensitic transformation with an increase in the degree of homogeneity of the solid solution occurs due to its enrichment with carbon and other alloying elements (chromium, molybdenum). With an increase in the percentage of carbon, an increase in the porosity of samples, the starting point of martensitic transformation also decreases. The temperature of the beginning of the martensitic transformation is not affected by carbides that are with austenite. These conclusions will help us to evaluate the mechanical properties of materials, as well as to develop recommendations for the practical application of heat treatment in the manufacture of products of complex shape.