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Hot-work tool steels play a crucial role in applications exposed to extreme thermal, mechanical, and chemical stresses and require exceptional properties such as high strength, hardness, wear resistance, and toughness. The latter is crucial to prevent an unexpected tool failure due to the formation and propagation of fatigue cracks in demanding environments. In addition, high thermal conductivity is crucial to prevent overheating of the tool and the resulting degradation of the material. This study focuses on a new generation hot-work tool steel with increased Mo and W contents, which has excellent thermal conductivity but limited toughness, as it contains stable Mo-W carbides that remain stable up to 1100 °C. To improve toughness, an alternative heat-treatment method involving austempering at different temperatures was applied. The investigation begins with the characterisation of the chemical composition of the steel, followed by the determination of the martensite-start (MS) and martensite-finish (Mf) temperatures. Based on the results, the researchers established a set of samples for austempering heat treatment. They investigated the effects of different isothermal holding temperatures on the microstructure of the steel and its subsequent mechanical properties. The results show that reduced bainite formation, achieved by austempering at certain temperatures, led to significantly improved impact toughness and moderate hardness. This study also showed a correlation between the isothermal holding temperature and the extent of martensitic transformation, which affected the microstructure and mechanical properties of the steel.

51CrV4 spring steel is a martensitic steel grade that is heat treated by quenching and tempering. Therefore, austenitisation is an important step that influences steel properties. The main goal of austenitisation is to obtain a single-phase austenite structure that will transform into martensite. We studied the influence of austenitisation parameters on grain growth and martensite transformation temperatures. The samples were quenched from different austenitisation temperatures (800–1040 °C) and were held for 5, 10 and 30 min. The martensite start transformation temperatures (MS) were determined from dilatometric curves, and the hardness was measured using the Vickers method. The microstructure of the samples and the size of the prior austenite grains were characterised using optical microscopy. The increase in the size of the prior austenite crystal grains increases the MS temperature. However, this trend is visible up to 960 °C, where the results start to deviate. High temperatures, 960 °C and above, cause both grain growth and increased carbide dissolution along with chemical homogenization of the steel. The added influence of strong solute diffusion caused a big deviation in the results. The stability of carbides during austenitisation were evaluated with scanning electron microscopy (SEM) and thermodynamic calculations of equilibrium phases using the Thermo-Calc program. MC-type vanadium carbides are stable up to 956 °C under equilibrium conditions, but the SEM results show that they were present in the microstructure even after annealing at 1040 °C. This means that crystal growth is slowed down, which is positive, and that the austenite contains less carbon, so the hardness is lower.