9Cr-oxide dispersion strengthened (ODS) ferritic/martensitic steel with varying yttria (Y2O3) contents (0, 0.35, 0.5, and 1 wt%) were prepared by mechanical alloying followed by hot powder forging. The powder forged samples were subsequently normalized and tempered by a standard heat treatment. The microstructure consisted of a dual phase structure of tempered martensite and residual ferrite, along with fine distribution of carbides (MC/M23C6). The grain size was strongly influenced by the yttria contents. Tensile tests were conducted at room temperature, 300°C, 500°C, and 700°C for all the compositions. A trend of increasing tensile strength and decreasing total elongation was observed with increase in yttria contents at all the temperatures. Contrary to the results in literature, superior ductility and a comparable tensile strength of ODS steels with the higher yttria contents (≥0.5 wt%) at room as well as high temperatures indicate the benefits of the powder forging process. As per the quantitative estimation of yield strength at room as well as elevated temperature via strengthening mechanisms, root mean square method (σrms) is proven more reliable than linear superposition method (σls). Additionally, strength from grain boundaries, dislocation density, and Orowan was found major at room temperature while dispersoids seemed to be prevailed at high temperature.
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