Austenite is the key to the versatility of steel and the controllable nature of its properties. It is the parent phase of pearlite, martensite, bainite, and ferrite. This chapter discusses the importance of austenite, beginning with the influence of austenitic grain size and how to accurately measure it. It then describes the principles of austenite formation and grain growth and examines several time-temperature-austenitizing diagrams representing various alloying and processing conditions. The chapter concludes with a discussion on hot deformation and subsequent recrystallization.

This chapter addresses the issue of retained austenite in quenched carburized steels. It explains why retained austenite can be expected at the surface of case-hardened components, how to estimate the amount that will be present, and how to effectively stabilize or otherwise control it. It presents detailed images and data plots showing how retained austenite appears and how it influences hardness, tensile properties, residual stresses, fatigue and fracture behaviors, and wear resistance.

This chapter discusses the isothermal transformation of austenite to pearlite, bainite, martensite, proeutectoid ferrite, and proeutectoid cementite. It describes the transformation mechanisms in eutectoid, hypoeutectoid, and hypereutectoid steels, the factors that influence nucleation and growth, and the characteristic features of the various microstructures. It also describes the transformation of austenite during continuous cooling.

The decomposition of austenite, during controlled cooling or quenching, produces a wide variety of microstructures in response to such factors as steel composition, temperature of transformation, and cooling rate. This chapter provides a detailed discussion on the isothermal transformation and continuous cooling transformation diagrams that characterize the conditions that produce the various microstructures. It discusses the mechanism and process variables of quenching of steel, explaining the factors involved in the mechanism of quenching. In addition, the chapter provides information on the causes and characteristics of residual stresses, distortion, and quench cracking of steel.