The deformation and densification laws of preform upsetting and closed-die forging were researched based on experimental results of cold forging of deoxidized Fe powder sintering porous material under different initial conditions such as friction factor, ratio between height and diameter and relative density. The fracture limit criteria" for powder cold-forging upsetting and the limit strain curve were achieved. The effect of friction facto,, ratlt, between height and diameter and relative density on fracture strain limitation was emphatically analyzed. The limit process parameter curves for the deformation of upsetting were also confirmed. Laws of deformation, densification and density distribution for closed-die forging of powder perform during cold-forging were further analyzed and discussed with the help of experimental phase analysis. As a result, this experiment established theoretical foundations for the design of preform and die as well as optimization of technological process parameters.