Effect of bake-hardening treatment on the mechanical properties of high strength bainitic steel produced by thermomechanical processing

The influence of pre-straining and bake-hardening on the mechanical properties of thermomechanically processed 0.2C-1.5Si-1.5Mn-0.2Mo-0.004Nb (wt%) steel was analysed using tensile test, transmission electron microscopy (TEM) and atom probe tomography (APT). This steel after processing had high strength (~1200MPa) and good ductility (~20%) due to the formation of fully bainitic microstructure with nano-layers of bainitic ferrite and retained austenite. The bake hardening (BH) of pre-strained (PS) samples increased the yield strength of steel up to 690MPa and showed the bake-hardening response of 220MPa due to the operation of several strengthening mechanisms such as transformation induced plasticity during pre-straining and pinning the dislocations by carbon during bake-hardening treatment. The carbon content of the bainitic ferrite and retained austenite before and after bake-hardening treatment, the solute distribution between these phases and the local composition of fine Fe-C clusters and particles formed during bake-hardening treatment was calculated using APT. The bainitic ferrite and retained austenite microstructural characteristics such as thickness of the layers and their dislocation density before and after bake-hardening treatment were studied using TEM.

The role of board independence in mitigating agency problem II in Australian family firms

We investigate the impact of board independence on earnings management on a sample of family controlled firms listed on the Australian Securities Exchange (ASX). Using panel data over the period 2000–2004, we find evidence of earnings management among family controlled firms in Australia, an environment of high investor protection and private benefits of control. Findings show that a higher proportion of independent directors on boards is effective in reducing earnings management, thereby mitigating agency problems associated with entrenchment and expropriation in family firms. We also find that managers of family firms are less aggressive in managing earnings via discretionary long-term accruals compared to non-family firms.

Addressing retained austenite stability in advanced high strength steels

Advances in the development of new high strength steels have resulted in microstructures containing significant volume fractions of retained austenite. The transformation of retained austenite to martensite upon straining contributes towards improving the ductility. However, in order to gain from the above beneficial effect, the volume fraction, size, morphology and distribution of the retained austenite need to be controlled. In this regard, it is well known that carbon concentration in the retained austenite is responsible for its chemical stability, whereas its size and morphology determines its mechanical stability. Thus, to achieve the required mechanical properties, control of the processing parameters affecting the microstructure development is essential.

Recrystallization of 304SS during and after high strain rate deformation

During the hot working of austenitic stainless steels the shape of the flow curve is strongly influenced by the strain rate. Low strain rate deformation results in flow curves typical of dynamic recrystallization (DRX) but as the strain rate increases the shape changes to a ‘flat-top’ curve. This has traditionally been thought to indicate no DRX is taking place and that dynamic recovery (DRV) is the only operating softening mechanism. Examining the work-hardening behaviour and corresponding deformation microstructures showed this is not the case for austenitic stainless steel, as clear evidence of dynamic recrystallization process can be seen. The post-deformation recrystallization kinetics can be modelled using a standard Avrami equation with an Avrami exponent, n, of 1.15. With an increasing value of the Zener-Hollomon parameter it was found that the kinetics of recrystallization become less strain rate sensitive until at the highest values (highest strain rates/lowest temperatures) the recrystallization kinetics become strain rate insensitive.

Atomic scale investigation of solutes and precipitates in high strength steels

Two steels, ferritic, high strength with interphase precipitation and nano-bainitic, were used to show the advances in and application of atom probe. The coexistence of the nano-scale, interphase Nb-Mo-C clusters and stoichiometric MC nano particles was found in the high strength steel after thermomechanical processing. Moreover, the segregation of carbon at different heterogeneous sites such as grain boundary that reduces the solute element available for fine precipitation was observed. The APT study of the solutes redistribution between the retained austenite and bainitic ferrite in the nano-bainitic steel revealed: (i) the presence of two types of the retained austenite with higher and lower carbon content and (ii) segregation of carbon at the local defects such as dislocations in the bainitic ferrite during the isothermal hold.

Synthesis of high density boron nitride nanotube film

Antiwetting BNNT films have been achieved by milling-ink method. Superhydrophobic (CA <5°) are demonstrated on films with stainless steel as substrate. The high density and purity are confirmed by EDX and NEXAFS. There are only a few oxygen point defects in the form of nitrogen vacancies due to ink and annealing process in air.

Effect of temperature on mechanical behaviour of high manganese TWIP steel

The aim of the present study was to investigate the role of deformation temperature on the active deformation mechanisms in a 0.6C-18Mn-1.5Al (wt%) TWIP steel. The tensile testing was performed at different temperatures, ranging from ambient to 400°C at a constant strain rate of 10-3 S-1. The microstructure characterization was carried out using a scanning electron microscopy. The deformation temperature revealed a significant effect on the active deformation mechanisms (i.e. slip versus twinning), resulting in different microstructure evolution and mechanical properties. At the room temperature, the mechanical twinning was the dominant deformation mechanism, enhancing both the strength and ductility. Dynamic strain aging (DSA) effect was observed at different deformation temperatures, though it was more pronounced at higher temperatures. The volume fraction of deformation twins significantly reduced with an increase in the deformation temperature, deteriorating the mechanical behavior. There was a transition temperature (~300°C), above which the mechanical twinning was hardly observed in the microstructure even at fracture, resulting in low ductility and strength. The current observation can be explained through the change in the stacking fault energy with the deformation temperature. © (2014) Trans Tech Publications, Switzerland.

The correlation between stacking fault energy and the work hardening behaviour of high-mn twinning induced plasticity steel tested at various temperatures

High-Mn Twinning Induced Plasticity (TWIP) steels have superior mechanical properties, which make them promising materials in automotive industry to improve the passenger safety and the fuel consumption. The TWIP steels are characterized by high work hardening rates due to continuous mechanical twin formation during the deformation. Mechanical twinning is a unique deformation mode, which is highly governed by the stacking fault energy (SFE). The composition of steel alloy was Fe-18Mn-0.6C-1Al (wt.%) with SFE of about 25-30 mJ/m2 at room temperature. The SFE ensures the mechanical twinning to be the main deformation mechanism at room temperature. The microstructure, mechanical properties, work hardening behaviour and SFE of the steel was studied at the temperature range of ambient ≤T[°C]≤ 400°C. The mechanical properties were determined using Instron tensile testing machine with 30kN load cell and strain rate of 10-3s-1 and the work hardening behaviour curves were generated using true stress and true strain data. The microstructure after deformation at different temperatures was examined using Zeiss Supra 55VP SEM. It was found that an increase in the deformation temperature raised the SFE resulting in the deterioration of the mechanical twinning that led to decrease not only in the strength but also in the total strain of the steel. A correlation between the temperature, the SFE, the mechanical twinning, the mechanical properties and the work hardening rate was also found. © (2014) Trans Tech Publications, Switzerland.

Management trading in Chinese entrepreneurial firms on the ChiNext

We examine management trading in Chinese entrepreneurial firms on the ChiNext. We find that management shareholdings are considerably high, and executives tend to sell their shares after the IPOs on the ChiNext. The propensity for executives to sell shares is negatively correlated with the firms corporate governance and current operating cash flows, but the amount they sell is only positively correlated with the level of management holdings. Both the management selling decision and percentage of selling do not associate with firms earnings and sales growth. This suggests that managers are profit makers rather than informed traders in their selling activities on the ChiNext. We also find that the market reaction to management selling is substantially negative, which implies a herding effect of investors following executives to sell shares.

Family control, board independence and earnings management : evidence based on Hong Kong firms

In this study, we document that independent corporate boards of Hong Kong firms provide effective monitoring of earnings management, which suggests that despite differences in institutional environments, corporate board independence is important to ensure high-quality financial reporting. The findings also show that the monitoring effectiveness of corporate boards is moderated in family-controlled firms, either through ownership concentration or the presence of family members on corporate boards. The results based on firms reporting small earnings increases provide additional support for our finding that the monitoring effectiveness of independent corporate boards is moderated in family-controlled firms.

Materials machining study of titanium alloy using a high speed camera

The research aim is to study and analyze the shear zone by application of merchant circle during machining of titanium alloy (Ti6Al4V). The thermo-mechanical reaction during machining plays an important role in defining machinability of titanium alloys. The scientific community is concerned about machining of titanium alloy due to problems occurring in the shear zone that affect tool life. Studying the cutting action contributes to understanding and addressing these problems effectively. For this purpose, an experimental setup, utilizing a high speed camera will be used to study the shear zone. The shear zone characteristics are studied by analyzing the images captured by a high speed camera placed near to the shear zone during machining. The experimental design consists of conducting a series of turning trials using combination of cutting parameters namely constant spindle speed (n) 770 rpm; feed rate (f) of 2 and 4 mm/rev; and depth of cut (d) of 1 and 2 mm. The length of cut (L) of 10 mm remains constant and no coolant is used for all trials. The images obtained from the camera are analyzed against the theory of orthogonal cutting using merchants circle.