Steel representing the eutectoid composition of the iron-carbon system, with about 0.80% to 0.83% carbon, the eutectoid temperature being about 1333 (degrees) F. Such steel in the annealed condition consists exclusively of pearlite. Steels with less than this quota of carbon are known as hypo-eutectoid and contain free ferrite in addition to the pearlite. When more carbon is present, the steel is known as hyper-eutectoid and contains free cementite. The presence of certain elements, such as nickel or chromium, lowers the eutedtoid carbon content.
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