Powder metallurgy (PM) techniques are effective in making magnetically soft components for use in magnetic part applications. This article provides an account of the factors affecting magnetism, permeability, and hysteresis losses. It includes information on the magnetic properties of PM materials that are used in the magnetic part applications, namely, pure iron, phosphorus irons, ferritic stainless steels, 50 nickel-50 iron, and silicon irons. The article describes the factors that affect and optimize magnetic properties. It contains a table that lists the magnetic properties possible in metal injection molding parts. The article also discusses ferromagnetic cores used in alternating current applications and some permanent magnets, such as rare earth-cobalt magnets and neodymium-iron-boron (neo) magnets.