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These elements are grouped as austenite-forming, ferrite-forming, carbide-forming and nitride-forming elements. Austenite-forming elements The elements C, Ni and Mn are the most important ones in this group. Sufficiently large amounts of Ni or Mn render a steel austenitic even at room temperature.
In nature, most of the iron is found in the composition of different iron oxides, for example, minerals such as taconite, magnetite, and hematite. It is believed that the core of the earth is made mostly of an iron-nickel alloy. This element is also essential to life on Earth, from humans to microorganisms.