Major achievements of the national project, Fundamental Research on New Generation of Iron and Steel Materials in China (NG Steel), are reviewed in the paper. Ultrafine grained steel technology, based on deformation induced ferrite transformation (DIFT)and successive microstructure changes, is illustrated for grain refinement in both plain low carbon steel and microalloyed steel. Delayed fracture resistance of alloy structure steel can be improved through prior austenite grain refinement. It is shown by results that nano scale precipitates play an important role to grain refinement in thin slab casting and rolling (TSCR)process. Progresses on super cleanliness, high homogeneity, welding and metallurgical process simulation are also briefly introduced.
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