In high-speed steel, carbides are essential phase constituents, which have a direct impact on engineering performance and qualities of high-speed steel. The formation, morphology, and distribution of carbides are dictated by alloying elements. In this paper, various types of carbides in high-speed steel are presented. The effects of different alloying elements such as C, W, Mo, Cr, and V on the formation of carbides in high-speed steel are discussed. Research progresses on carbide improvement by microalloying elements such as N, B, Mg, and rare earth (RE) elements are reviewed. It is reported that Cr promotes the precipitation of M₂C, N enhances the formation of fibrous M₂C, Mg effectively shatters the large-size carbide grid, Nb refines granular carbide MC, and rare earth elements encourage the formation of M₆C, resulting in irregular M₂C lamellae. The incorporation of microalloying elements improves the distribution and size of carbides and also refines the solidification structure of high-speed steel.

It has long been recognized that grain refinement of Mg-Al alloys is difficult, although various methods have been tried. In the present paper, a novel grain refiner, Al-3.4V-1B master alloy, has been developed to refine the as-cast AZ91 alloy. A comparative study on grain refinement effects of Al-3.4V-1B, Al-5V, and Al-3Ti-1B master alloys was performed under the same solidification conditions. It is shown that Al-3.4V-1B master alloy not only has significant grain refinement ability, but also keeps stable anti-fading capacity with holding time up to 2 h. Based on the analysis of grain refinement, VB₂ particles introduced by Al-3.4V-1B master alloy are the heterogeneous nuclei for AZ91 alloy.

The strengthening mechanism of 9Cr–1.5Mo–1Co and 9Cr–3W–3Co heat resistant steel was studied by tensile test and microstructure analysis. At the same temperature, the yield strength of 9Cr–3W–3Co heat-resistant steel is higher than that of 9Cr–1.5Mo–1Co heat-resistant steel. Microstructure analysis proved that the strength of 9Cr–1.5Mo–1Co and 9Cr–3W–3Co heat-resistant steel is affected by grain boundary, dislocation, precipitation, and solid solution atoms. The excellent high temperature mechanical properties of 9Cr–3W–3Co heat-resistant steel are mainly due to the solution strengthening caused by Co and W atoms and the high-density dislocations distributed in the matrix; however, 9Cr–1.5Mo–1Co heat-resistant steel is mainly due to the martensitic lath and precipitation strengthening.