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Simulations are continuously becoming more and more important to predict the behaviour of materials, components and structures. Porous materials, such as PM, put special demands on the material models used. This paper investigates the application of the Gurson material model to PM steels. It is shown how the model can be calibrated to material data. The results are also applied to an indentation test, where it’s demonstrated that experimental results can be reproduced with some accuracy. Limitations of the model, and the potential to use more advanced material models are also discussed.