The possibility of increasing the wear resistance and bending strength of Fe–Cr–C alloys with a high chromium carbide content produced by powder metallurgy methods is studied. Regularities of the structurization and mechanical properties of the alloys are determined in relation to their composition and production conditions. The conditions of sintering and the composition of the alloys with a high chromium carbide content ensuring high abrasive wear resistance, which is 1.5 times greater than that of VK8 alloy, are found. The structure of the alloy represents a fine-grained chromium carbide composite formed at a certain amount of a liquid phase vanishing during sintering.