The document describes an iron-carbon alloy of eutectoid composition that begins at 760 degrees C to achieve a homogeneous austenitic structure. It then undergoes various time-temperature treatments. For slow cooling, the final microstructure consists of coarse pearlite and ferrite, with ~85% pearlite and ~15% ferrite. For very fast cooling, the final microstructure consists of martensite and retained austenite, with ~95% martensite and ~5% retained austenite.