The oxygen content of M2 high-speed steel has not been intentionally controlled in industrial production through secondary refinement in vacuum furnaces. However, a lower oxygen content has a significant effect on the cleanliness, toughness, and addition of rare-earth elements to M2 high-speed steel. The changes in total oxygen content controlled by vacuum carbon deoxidation (VCD) treatment and inclusion evolution were investigated in M2 high-speed steel to understand the effects of carbon on dissolved oxygen and oxides in the carbon–oxygen (C-O) reaction process. Furthermore, the microstructure and properties of M2 high-speed steel caused by vacuum insulation and the role of reducing oxygen content in rare-earth alloying were briefly demonstrated. The results showed that the [O%] decreased from 30 ppm to 3 ppm in a vacuum at holding times above 25 min through the C-O reaction, leading to an inclusion reduction of approximately 70%. In the case of [O%] = 3 ppm in M2 high-speed steel, the addition of rare-earth elements has a greater effect on the inclusion characteristics. Lowering the oxygen content of M2 high-speed steel improves cleanliness and plays a significant role in rare-earth alloying.

Secondary phase precipitation in Fe-22Mn-9Al-0.6C low-density steel was investigated during a continuous cooling process with different cooling rates through a DIL805A thermal expansion dilatometer, and the changes in microstructures and hardness by different cooling rates were discussed. The results showed that the matrix of the Fe-22Mn-9Al-0.6C was composed of austenite and δ-ferrite; moreover, the secondary phases included κ-carbide, β-Mn and DO₃ at room temperature. The precipitation temperatures of 858 °C, 709 °C and 495 °C corresponded to the secondary phases B2, κ-carbide and β-Mn, respectively, which were obtained from the thermal expansion curve by the tangent method. When the cooling rate was slow, it had enough time to accommodate C-poor and Al-rich regions in the austenite due to amplitude modulation decomposition. Furthermore, the Al enrichment promoted δ-ferrite formation. Meanwhile, the subsequent formation of κ-carbide and β-Mn occurred through the continuous diffusion of C and Mn into austenite. In addition, the hardness of austenite was high at 0.03 °C/s due to the κ-carbide and β-Mn production and C enrichment, and it was inversely proportional to the cooling rate. It can be concluded that the presence of κ-carbide, DO₃ and β-Mn produced at the austenitic/ferrite interface when the cooling rate was below 0.1 °C/s resulted in κ-carbide and β-Mn precipitating hardly at cooling rates exceeding 0.1 °C/s, which provides a guideline for the industrial production of Fe-Mn-Al-C low-density steel in the design of the hot working process.

Fe–Mn–Al–C low-density steels are regarded as promising materials applied in the automotive industry to achieve the minimization of vehicular emissions and fuel consumption. This study investigates the high-temperature strength and hot ductility of Fe–22Mn–9Al–0.6C low-density steel through high-temperature tensile tests at 800–950 °C. The high-temperature strength decreases with an increasing deformation temperature. This indicates that the precipitation of B2 reduces the hot ductility during the hot deformation of steel, where the results are consistent with those during the solid-solution treatment at 800–950 °C with a holding time of 0.5 h. Furthermore, at 800 °C the γ transforms into a mixture of α + DO₃ and κ-carbide precipitates. A transformation of κ + DO₃→B2 occurs in the temperature range of 850–900 °C, and at this point the κ-carbide dissolves into the matrix and B2 is generated, resulting in a significant decrease in hot ductility. As the temperature increases up to 950 °C, B2 emerges and transforms into the δ phase, and the κ-carbide precipitates along the γ/γ grain boundaries. The precipitation of B2 during high-temperature treatments in Fe-Mn-Al-C low-density steels is the critical factor affecting hot ductility, leading to crack generation; therefore, it is extremely essential to prevent the temperature interval of B2 precipitation during hot deformation processes.

For the application of forged medium-Mn steels on flywheel rotors, the effect of annealing temperatures from 300 °C to 650 °C on the impact toughness of 0.16C-6.5Mn forged steel was investigated to demonstrate the microstructural characteristics and austenite reverse transformation determining the impact toughness. The results obtained through standard Charpy V-notch impact tests at ambient temperature show that the impact absorbed energy holds at lower than 10 J almost constantly at annealing temperatures of 300 °C to 500 °C, and a representative intergranular fracture is presented. At an annealing temperature of 600 °C, the impact absorbed energy increases to 147 J, with the ductile fracture characteristics showing plenty of fine dimples, and the high impact toughness is attributed to the high volume fraction above 30% and the moderate stability of reverted austenite. Subsequently, the annealing temperature rises higher than 600 °C, the impact absorbed energy decreases, and the fracture morphology shows brittleness characterized by more flat facets of intergranular fractures and small quasi-cleavage facets, presumably corresponding to the insufficient transformation and twinning-induced plasticity effect due to weakening the Mn partitioning from quenched martensite to reverted austenite, which results in lower austenitic stability. Furthermore, the ductile-to-brittle transition temperature (DBTT) of the 0.16C-6.5Mn forged steel annealed at 600 °C, which holds the highest impact absorbed energy, and is explored for the possibility of flywheel rotor application in a service environment. The DBTT reaches −21 °C, obtained through the Boltzmann function, and the impact absorbed energy is approximately 72 J.

The industrial production of high-speed steel via continuous casting has been impeded by considerable technical obstacles, due to its high carbon content and fast cooling speed, which predispose it to severe segregation and poor high-temperature plasticity; thus, industrial continuous casting of high-speed steel is virtually nonexistent. In 2022, a curved continuous casting process was successfully applied in the production of M2 high-speed steel; in our previous study, it was found that the carbides were finer and better distributed in the billets by curved continuous casting than those in the billets by ingot casting. The change in carbides in the billets is significant in subsequent processes for M2 high-speed steel produced by curved continuous casting. Therefore, it is necessary to investigate the high-temperature tensile properties of M2 high-speed steel produced by curved continuous casting. In this paper, high-temperature tensile tests were conducted using a GLEEBLE-3500 simulator (DSI, located in New York State, USA) at different temperatures and holding times with a certain strain rate to obtain the tensile strength and reduction of area, and then the morphology of carbides near the fracture surface was observed. The results showed that the tensile strength and reduction of area increased with the increase in temperature at 850 °C to 950 °C, and there existed a temperature range between 950 °C and 1120 °C with good thermoplasticity and a reduction of area from 45% to 50%. In addition, a sharp drop in thermoplasticity below 5% occurred at 1180 °C, which is due to the significant growth of carbides. The zero-strength temperature and plastic temperature were 1220 °C and 1200 °C, respectively. In addition, with the increase in holding time at 1150 °C, the reduction of area increased from 34% to 54%, and the tensile strength decreased from 92 MPa to 70 MPa and then increased to 82 MPa. The best solution for carbides in M2 high-speed steel produced by curved continuous casting occurred when the range of the P_HJ value was about 28.0 to 30.5. With the increase in P_HJ value, the shape of carbides gradually changed from fibrous to short rod-like and blocky during high-temperature diffusion.