With cold work, mechanical strength (measured either by yield strength or ultimate tensile strength) increases and ductility (measured by elongation, reduction of area, or fracture toughness) normally decreases. This chapter discusses the mechanisms that produce these changes and the factors that influence them. It explains how cold working increases dislocation density and how that affects the stress-strain characteristics of steel, particularly the onset of deformation. It describes the effects of deformation on ferrite, austenite, cementite, and pearlite, and how to optimize their microstructure for various applications through controlled deformation. It also provides information on subcritical annealing, the examination and control of texture, the use of optical microscopy to monitor the effects of recrystallization, and the effect of cold working on threaded fasteners, nails, and filaments used to manufacture cords.

The oil-hardening cold-work tool steels, designated as group O steels in the AISI classification system, derive their high hardness and wear resistance from high carbon and modest alloy contents. This chapter describes the microstructures and hardenability of oil-hardening tool steels and discusses the processes involved in the hardening and tempering of tool steels. It also covers the selection criteria and applications of oil-hardening cold-work tool steels.

The air-hardening cold-work tool steels, designated as group A steels in the AISI classification system, achieve their processing and performance characteristics with combinations of high carbon and moderately high alloy content. This chapter describes the microstructural features and hardenability of air-hardening cold-work tool steels and discusses the processes involved in the hardening and tempering of tool steels.