Granulated powders, prepared from PF-5F(D50=4μm), PF-10F(D50=6μm) and PF-20F(D50=10μm) water atomized powder, were compacted, debound and sintered to evaluate the properties of sintered parts. As a result, the relative sintered density of about 97% at sintering temperature of 1423K was obtained. It can be considered that by using granulated finer particle size powder, mechanical properties of sintered parts were also improved.