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http://asm.asminternational.org/ht-echarts/3046_OMM102607_figure.pdfASM International said:Ductile cast iron (also known as nodular or spheroidal graphite iron) is heat treated primarily to create matrix microstructures and associated mechanical properties not readily obtained in the as-cast condition. The microstructures achievable can be depicted using a continuous cooling transformation (CCT) diagram and cooling curves for furnace cooling, air cooling, and quenching. Slow furnace cooling results in a ferritic matrix (the desired product of annealing); whereas air cooling, or normalizing, results in a pearlitic matrix; and quenching produces a matrix microstructure consisting mostly of martensite with some retained austenite. Tempering softens the normalized and quenched conditions, resulting in microstructures consisting of the matrix ferrite with small particles of iron carbide (or secondary graphite). Actual annealing cycles usually involve more than just furnace cooling, depending on alloy content and prior structure.
Reference on Cast and Ductile Irons and Steels
http://www.key-to-steel.com/default.aspx?ID=Articles#p8
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