This chapter describes the phases and constituents present in iron-carbon steels in near-equilibrium conditions. It explains how to use phase diagrams to predict and manage the development of ferrite, austenite, cementite, and pearlite through controlled cooling. It discusses the transformations, grain structure, and properties associated with each phase and identifies the primary stabilizing elements. It includes several micrographs revealing various microstructural features and describes the processing route by which they were achieved. It explains how to estimate the volume fraction of iron-carbon phases in equilibrium and how to determine the amount of each phase that must be present to reach a desired composition. The chapter also discusses the phases associated with hypo- and hyper-eutectoid steels and presents more than a dozen micrographs, identifying important structural features along with cooling conditions and sample preparation procedures.

The microstructure of carbon steel is largely determined by the transformation of austenite to ferrite, cementite, and pearlite. This chapter focuses on the microstructures produced by diffusion-controlled transformations that occur at relatively low cooling rates. It describes the conditions that promote such transformations and, in turn, how they affect the structure of various phases and the rate at which they form. The chapter also discusses the concepts of transformation kinetics, minimum free energy, and nucleation and growth, and provides information on alloying, interphase precipitation, and various types of transformations.

This chapter examines the isothermal phase transformations of the iron-carbide system. The discussion includes the formation of ferritic, eutectoid, hypoeutectoid, hypereutectoid, bainitic, and martensitic microstructures as well as their properties, composition, and metallurgy. The use of time-temperature-transformation (TTT) diagrams in understanding the phase transformations and the changes in the isothermal transformation curves due to the addition of carbon and other alloying elements are also discussed.