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These elements are grouped as austenite-forming, ferrite-forming, carbide-forming and nitride-forming elements. Austenite-forming elements The elements C, Ni and Mn are the most important ones in this group. Sufficiently large amounts of Ni or Mn render a steel austenitic even at room temperature.
The process of alloying is used to change the chemical composition of steel and improve its properties over carbon steel or adjust them to meet the requirements of a particular application. Benefits of Steel Alloying Agents: Different alloying elements each have their own effect on the properties of steel. 1  Some of the properties that can be improved through alloying include: 2  Stabilizing austenite: Elements such as nickel, manganese, cobalt, and copper increase the temperatures range in which austenite exists.