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History of CPM-15V
CPM-15V is essentially a higher vanadium extension of CPM-10V developed by Crucible steel in the late 1970s. I wrote about the history of CPM-10V in this article so I won’t copy-paste all of that here. Prior to powder metallurgy technology it was known that adding higher vanadium would lead to greater wear resistance due to the very high hardness of vanadium carbide. However, once the vanadium content exceeded 4-5% the carbides would be large enough that the steel would fail in forging, and toughness would also be reduced. So the highest wear resistance steel for many years was T15 high speed steel with ~5% vanadium. With CPM-10V they saw what the limit was for vanadium additions and found that once they reached about 11% vanadium the carbide size would be increased because the vanadium carbides would form in the liquid steel before the steel could be gas atomized into powder. Read about the powder metallurgy process in this article. The more vanadium that is added the higher the temperature where the vanadium carbides form. When the formation temperature is higher than the temperature of the liquid steel then they form prior to atomization giving the large carbides in the 11% vanadium PM steel below (labeled CPM 11V):
