Thermomagnetic Magnetic Processing is an exceptionally fertile, pervasive and cross-cutting technology that is just now being recognized by several major industry leaders for its significant potential to increase energy efficiency and materials performance for a myriad of energy intensive industries in a variety of areas and applications. ORNL has pioneered the use and development of large magnetic fields in thermomagnetically processing (T-MP) materials for altering materials phase equilibria and transformation kinetics. ORNL has discovered that using magnetic fields, we can produce unique materials responses. T-MP can produce unique phase stabilities & microstructures with improved materials performance for structural and functional applications not achieved with traditional processing techniques. These results suggest that there are unprecedented opportunities to produce significantly enhanced materials properties via atomistic level (nano-) microstructural control and manipulation. ORNL (in addition to others) have shown that grain boundary chemistry and precipitation kinetics are also affected by large magnetic fields. This CRADA has taken advantage of ORNL’s unique, custom-designed thermo-magnetic, 9 Tesla superconducting magnet facility that enables rapid heating and cooling of metallic components within the magnet bore; as well as ORNL’s expertise in high magnetic field (HMF) research. Carpenter Technologies, Corp., is a a US-based industrial company, that provides more » enhanced performance alloys for the Aerospace and Specialty Steel products. In this CRADA, Carpenter Technologies, Corp., is focusing on applying ORNL’s Thermomagnetic Magnetic Processing (TMP) technology to improve their current and future proprietary materials’ product performance and open up new markets for their Aerospace and Specialty Steel products. Unprecedented mechanical property performance improvements have been demonstrated for a high strength bainitic alloy industrial/commercial alloy that is envisioned to provide the potential for new markets for this alloy. These thermomechanical processing results provide these alloys with a major breakthrough demonstrating that simultaneous improvements in yield strength and ductility are achieved: 12 %, 10%, 13%, and 22% increases in yield strength, elongation, reduction-in-area, and impact energy respectively. In addition, TMP appears to overcome detrimental chemical homogeneity impacts on uniform microstructure evolution. « less