Fe–10Cr–10Ni cryogenic maraging steel is one of the key candidate materials applied in harsh cryogenic condition due to its high strength and good cryogenic toughness. In this study, the effect of aging temperature on its microstructure and mechanical properties was systematically studied based on austenite reversion and nano-precipitation. It shows that a desirable combination of high strength (834?MPa, 25?°C) and excellent cryogenic impact toughness (164?J, ?196?°C) can be obtained by aging treatment at 500?°C. Multi-scale characterizations were conducted to reveal the microstructure characteristics of the steel. It was found that obvious film-like reversed austenite nucleate and grow at the high-angle grain boundaries of martensite matrix in the steel aged at 500?°C, whereas the higher aging temperature resulted in a larger content of blocky reversed austenite in martensite blocks. Austenite reversion mechanism was proposed based on the double-spherical-cap model and diffusion kinetics of Ni element. Besides, it was found that the precipitation sites of Ti-rich particles are not only distributed in matrix but also located at the dislocations, and they were identified as the clusters of Ni3Ti precipitates. Finally, the origin of the above cryogenic toughness includes the transformation-induced plasticity (TRIP) effect from the soft film-like austenite, higher density of high angle grain boundaries of martensite and fine nanoscale precipitates. Moreover, the precipitation strengthening from the clusters of Ni3Ti precipitates contributes to the high strength of the steel aged at 500?°C.
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