Different austenitizing temperatures were used to obtain medium-carbon low-alloy (MCLA) martensitic steels with different lath martensite microstructures. The hierarchical microstructures of lath martensite were investigated by optical microscopy (OM), electron backscattering diffraction (EBSD), and transmission electron microscopy (TEM). The results show that with increasing the austenitizing temperature, the prior austenite grain size and block size increased, while the lath width decreased. Further, the yield strength and tensile strength increased due to the enhancement of the grain boundary strengthening. The fitting results reveal that only the relationship between lath width and strength followed the Hall–Petch formula of. Hence, we propose that lath width acts as the effective grain size (EGS) of strength in MCLA steel. In addition, the carbon content had a significant effect on the EGS of martensitic strength. In steels with lower carbon content, block size acted as the EGS, while, in steels with higher carbon content, the EGS changed to lath width. The effect of the Cottrell atmosphere around boundaries may be responsible for this change.

A novel hot-work die steel, named 5Cr5Mo2, was designed to obtain superior thermal stability. The proposed alloy is evaluated in terms of its hardness, microstructure, and tempering kinetics. Compared with the commonly used H13 steel, the softening resistance of the designed steel is superior. Based on SEM and transmission electron microscopy (TEM) observations, a higher abundance of fine molybdenum carbides precipitate in 5Cr5Mo2 steel. Strikingly, the coarseness rate of the carbides is also relatively low during the tempering treatment. Moreover, owing to their pinning effect on dislocation slip, the dislocation density of the 5Cr5Mo2 steel decreases more slowly than that of the H13 steel. Furthermore, a mathematical softening model was successfully deduced and verified by analyzing the tempering kinetics. This model can be used to predict the hardness evolution of the die steels during the service period at high temperature.