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The nature of the near-surface γN phase produced by low-temperature (∼400°C) plasma-assisted nitriding of an austenitic stainless steel 304L is studied. A combination of global probes (X-ray diffraction, nuclear reaction analysis, glow discharge optical emission spectroscopy) and local probes (field ion microscopy, conversion electron Mössbauer, X-ray absorption near edge structure and extended X-ray absorption fine structure spectroscopies) is employed to reveal the morphology, phase structure, atomic ordering and chemical state of the obtained γN phase. The results consistently reveal the heterogeneous nature of the nitrided layer consisting of nanometric CrN precipitates embedded in a Fe4N-like matrix. The size of the precipitates is found to be larger at the surface than at the nitrided layer–steel interface. The precipitates have irregular, sphere-like shapes. Moreover, X-ray spectroscopic investigation revealed three different intermetallic distances and different chemical environments for Fe, Cr and Ni, accompanied by a large static disorder. These findings suggest that the presence of the interstitial N destabilizes the homogeneous element distribution in 304L even at such low temperatures. This leads to the segregation into Cr-rich zones that are coherent with the Fe4N matrix. Possible atomistic decomposition mechanisms are discussed. Based on the heterogeneous nature of the γN phase revealed in 304L, an alternative view of its remarkable combination of properties such as large hardness, induced ferromagnetism and preserved corrosion resistance is considered.