Hot deformation behavior of as-sintered Fe-2.1Cu-0.5C alloy was evaluated through the construction of constitutive equations and a hot processing map. The hot deformation behavior was investigated at different temperatures and strain rates and microstructure observations were subsequently conducted. Flow stress for the initiation of dynamic recrystallization mechanism was determined. Tensile and fatigue strength tests were investigated at room temperature. It was observed that the microstructure of the alloy forged at lower temperature exhibited smaller grain size and its grain size increased with higher forging temperatures. Mechanical testing results revealed that an increase in the forging temperature led to a lower tensile strength and a higher fatigue strength. This change can be attributed to the larger grain sizes and the reduction of microcracks. A forging temperature at 1050 ℃ was recommended to achieve optimal mechanical properties for powder forged Fe-2.1Cu-0.5C products. These results might give some hints for optimizing process conditions and improving mechanical properties of powder metallurgy alloys by the use of constitutive equations and thermal processing maps.