The Inclusion Characteristics and Mechanical Properties of M2 High-Speed Steel Treated with a Vacuum Carbon Deoxidation Process

The oxygen content of M2 high-speed steel has not been intentionally controlled in industrial production through secondary refinement in vacuum furnaces. However, a lower oxygen content has a significant effect on the cleanliness, toughness, and addition of rare-earth elements to M2 high-speed steel. The changes in total oxygen content controlled by vacuum carbon deoxidation (VCD) treatment and inclusion evolution were investigated in M2 high-speed steel to understand the effects of carbon on dissolved oxygen and oxides in the carbon–oxygen (C-O) reaction process. Furthermore, the microstructure and properties of M2 high-speed steel caused by vacuum insulation and the role of reducing oxygen content in rare-earth alloying were briefly demonstrated. The results showed that the [O%] decreased from 30 ppm to 3 ppm in a vacuum at holding times above 25 min through the C-O reaction, leading to an inclusion reduction of approximately 70%. In the case of [O%] = 3 ppm in M2 high-speed steel, the addition of rare-earth elements has a greater effect on the inclusion characteristics. Lowering the oxygen content of M2 high-speed steel improves cleanliness and plays a significant role in rare-earth alloying.