The effect of tempering temperature and microstructure on dry sliding wear behavior of quenched and tempered PM with 0.3% graphite and 1-2% Ni steels was investigated. The sintered specimens were quenched from 890℃ and then tempered at 200℃ and 600℃ for 1 hr. Wear tests were carried out on the quenched+tempered specimens under dry sliding wear conditions using a pin-on-disk type machine at constant load and speed. The experimental results showed that the wear coefficient effectively increased with increasing tempering temperature and decreased with increasing Ni content.