The simple model of molding at a constant temperature is presented for the
first time. Process of molding is considered as a sequence of phase transit
ions between different macroscopically defined states (phases): granulated
powder, dispersed crystalline state and polycrystalline state. The theory p
redicts that intermediate states must be considered as separate phases exis
ting at a definite constant pressure. Intermediate states compressibility e
xceeds compressibilities of surrounding phases. After removal of the pressu
re the specimens in the intermediate state lose theirs strength with respec
t to the subsequent mechanical processing.