Austenite = γ (FCC)

Ferrite= α and δ (BCC)

Cementite = Fe3C

Pearlite = α + Fe3C

Austenitizing is the stage of a heat treatment process where the steel is heated to above the transformation range (A1 line), where it transforms to austenite.

Austenite is fully formed when the steel is heated completely above A3 or Acm temperatures.

Hypoeutectoid Steel

Hypoeutectoid steels (i.e. containing <0.77 %C) have ferrite + pearlite structure at room temperature. When heated above the A1 temperature, the pearlite transforms to austenite, and above A3, the ferrite transforms to austenite to give a fully austenitic matrix.

Pearlite + Ferrite Austenite + Ferrite Austenite
  (above A1 line) (above A3 line)  

Hypereutectoid Steel

Hypereutectoid steel (>0.77 % C) also have a ferrite + pearlite structure at room temperature. However, on heating above the A1 temperature, the pearlite and ferrite transform into the two-phase area of austenite and cementite (Fe3C). Upon further heating above the Acm temperature, the Cementite transforms to austenite to give a fully austenitic matrix.

Pearlite + Ferrite Austenite + Cementite Austenite
  (above A1 line) (above Acm line)  

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