Fe-7%, 8%, 9%, and 11%Si–Cr powders were gas atomized and then annealed at 25 °C–750 °C to investigate the effects of Si content, DO3 phase, and B2 phase on the high-frequency permeability of the powders. The formation of the B2 phase could not be suppressed during the atomization process of all the powders. The evolution temperatures of the DO3 phase in the Fe-7%, 8%, and 9%Si–Cr powders as measured by X-ray diffractometer were 550 °C, 550 °C, and 450 °C, respectively. As the annealing temperature was increased, the DO3 phase grew rapidly, and the lattice parameters of the powders were decreased except for those of the Fe-11%Si–Cr powder. The coercivity of all powders decreased with increasing temperature; however, the coercivity of the Fe-8%, 9%Si–Cr powders increased sharply after annealing at 450 °C. Permeability decreased rapidly with increasing temperature except for the Fe-11%Si–Cr powder; thus, the highest real permeability was obtained for the as-atomized Fe-8%Si–Cr powder. The changes in the coercivity and permeability of the powders with annealing temperature could be attributed to the evolution of the DO3 phase, Si segregation, and changes in electrical resistivity.
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