Short versionPure iron saturates at about 2.16 T. Add cobalt and it climbs to about 2.45 T near one-third cobalt, then falls again. Hiperco 50 sits at half and half because the ordered 50/50 alloy has the best permeability in the family, and the 2% vanadium is there so the mill can roll it.
1 · What it isAs much cobalt as iron will take
Start with the plot, because the plot is the whole sales pitch. Pure iron saturates at about 2.16 T. Mix in cobalt and the saturation rises, because cobalt's extra electron fills the 3d band in the way that raises the net moment per atom, until, at roughly a third cobalt, it stops helping and starts hurting. That hump is the iron-cobalt stretch of the Slater-Pauling curve, the plot of moment per atom against electron count that organizes the whole transition-metal family, and iron-cobalt sits at its very top: the highest room-temperature saturation of any known alloy.1
You will sometimes hear it described as cobalt with iron dissolved in it. It is the other way round. This is body-centered iron with cobalt substituted onto the lattice, and it stays body-centered until it orders; nothing here is face-centered. The ordering is the point. On slow cooling the 50/50 alloy arranges itself into the B2 structure (iron on the corners, cobalt in the middle, or the reverse), and that ordered state has very low magnetocrystalline anisotropy, which is where the family's high permeability comes from.2
So why is the flagship alloy 49/49 rather than 65/35, where the saturation peaks? Because of the mill, not the physics. The ordered alloy is brittle enough that a plain 50/50 melt cannot be cold rolled into strip at all. The 2% vanadium slows the ordering reaction enough that the strip can be quenched disordered, rolled thin, and ordered later, in a furnace that is not the mill's.2 Hiperco 27, with a little over half the cobalt, gives up almost no saturation but a lot of permeability (its coercivity runs several times higher) in exchange for ductility and price.3
A word on names, because this alloy has more of them than it has compositions. Bell Labs made the 50/50 alloy in the late 1920s and called it Permendur; it was so brittle it had to be quenched to be worked at all. The 2% vanadium fix came in the early 1930s, and that version was 2V-Permendur. Supermendur, in the 1950s, was the same composition at higher purity with a field anneal. Hiperco was Westinghouse's trade name before it was Carpenter's. VACOFLUX 48 and 50 and VACODUR are VAC's; AFK 502 is Aperam's; 1J22 is the Chinese standard designation.4 Every one of those is roughly 49% iron, 49% cobalt and 2% vanadium, and every one of them is ASTM A801 Type 1, UNS R30005.5 The names tell you who rolled it. What they do NOT tell you is interchangeable: the mills differ in purity, in the pinch of niobium or tantalum they add to hold the grain size, and in rolling practice, and a suffix (50A against 50 HS, VACOFLUX against VACODUR) means a different recipe and a different set of properties from the same base alloy. Treat the trade name the way the grade guide treats a magnet grade: a label for a family, with the data sheet doing the actual specifying.
Used in: aircraft starter-generators and other machines sized by torque per kilogram, high-speed rotors, and actuators and relays whose pull is set by the square of the flux density.6
Short versionThe magnetization curve and the loss table on the sheet come from a ring that was cut, annealed with the mill's recipe, and never touched again. The 20% at the top belongs to the atoms and survives everything. The shape of the approach to it does not.
1 · What it isThe data sheet, and what it was measured on
Put the two typical DC curves on the same axes and the appeal is obvious. At the field a motor tooth sees, iron-cobalt is carrying something over 2 T where M-19 is carrying about 1.5, and the ceilings are roughly 2.35 to 2.4 T, depending on whose sheet and at what field, against about 2.0 T.789 Translate that into a machine: at the same current and geometry, more flux through the tooth; at the same flux, a narrower tooth and a lighter core. Force in an actuator scales with B², so 20% more flux is about 44% more pull from the same pole face. Those are the numbers that put iron-cobalt in aircraft generators, where every kilogram of core is weighed.6
Now read the fine print, or rather what is not in it. The curve was measured on a ring sample (a toroid, wound with its own primary and secondary) that was cut, cleaned, annealed by the recipe on the back of the same sheet, and then measured, by the standard ring method. Nobody stamped it into a stator. Nobody pressed it onto a shaft, glued it, bolted it, or wound a coil tight against its teeth. Every number on the sheet is the value of the alloy in the best condition it can ever be in. The rest of this page is about how far your part falls from that condition, and what it takes to climb back.
In practiceI have spent a career reducing oxides to metal, casting it into alloy, pulverizing, pressing, sintering, grinding, gluing and testing (hard magnets mostly, but the lesson transfers). The one constant across hard and soft magnetics is that the number on the sheet belongs to the test piece. The part has to earn it.
Short versionHiperco arrives cold rolled, which is to say already wrecked magnetically, on purpose: the cold-worked, disordered state is the only one soft enough to roll. Cutting adds more damage of the same kind. The anneal is what turns strip into Hiperco; everything you do before it is reversible, and nothing after it is.
2 · What happens when you use itCold work: the strip is born damaged
Magnetic properties divide into two camps. Saturation and Curie temperature are structure-insensitive: they depend on which atoms are present and in what proportion, not on how they are arranged, and no amount of hammering changes them. Permeability, coercivity and hysteresis loss are structure-sensitive: they are set by how easily domain walls move, and domain walls are stopped by dislocations, grain boundaries, inclusions and internal stress. Cold work is the manufacture of dislocations and internal stress. So the as-rolled strip in the figure saturates at exactly the same 2.4 T as the annealed one, and takes something like ten times the field to get anywhere near it (the shape is mine, drawn to make the point). The curve has been sheared over.
Why is iron-cobalt so much worse at this than silicon steel? Magnetostriction: the coupling between a material's strain and its magnetization, which runs both ways. Iron-cobalt's saturation magnetostriction is about 60 to 70 parts per million on the three mills' sheets;10 polycrystalline 3% silicon steel's works out to roughly 6 or 7, by my arithmetic from the published single-crystal constants.11 A stressed iron-cobalt lattice sees that stress as an anisotropy the domains have to fight, and because the alloy's crystal anisotropy is so low to begin with, a few megapascals of internal stress is already comparable to it.12 That one number explains most of the rest of this page: why the edges matter, why the fixture matters, why the shrink fit matters.
The strip is supplied in this cold-worked state because it has to be. The vanadium buys enough time to quench the alloy disordered and roll it, but the ordered, soft-magnetic version is the brittle one. VAC says it in one line: annealing does not improve the alloy's workability, it makes it harder to work, because of the embrittlement.8 So the sequence is fixed by metallurgy rather than by anyone's preference: shape it while it is hard, stampable and magnetically useless, then anneal it into a material that is magnetically excellent and that you can no longer shape.713
Short versionA punched edge is damaged by strain; a laser-cut edge is damaged by heat. The hard damage is a fraction of a millimeter deep; the magnetic penumbra runs millimeters. In silicon steel you usually ship that damage, and laser is the worse of the two. In Hiperco the anneal that follows cutting removes most of it, the ranking compresses, and the one published head-to-head on the alloy puts laser-plus-anneal on top.
2 · What happens when you use itDie cut against laser cut
Look at the two cross-sections. Punching drags the metal: the top corner rolls over, the punch burnishes a vertical band, the sheet fractures across the rest, and a burr hangs off the bottom, typically a few percent of the sheet thickness tall.14 Behind that edge is a band of plastic strain, dense with dislocations, reaching in a few tenths of a millimeter, roughly the sheet thickness, and a wider halo of elastic stress that lowers permeability for several millimeters beyond it.15 In silicon steel the classic experiment is to cut the same sheet into narrower and narrower strips and watch the loss climb as the damaged fraction grows: a 5 mm punched strip can lose half again as much as a wide one.15 The burr has a second cost: it bridges the insulation between laminations and shorts them, and in a stacked core that is worth several percent of the loss on its own.14
A laser does not deform; it melts. The edge is square and nearly burr-free, but it carries a recast skin of metal that melted and froze back onto the edge, an oxide film about a micron thick, a bead of dross underneath, and a heat-affected zone in which the microstructure has been run through a temperature excursion it was never meant to see, with residual thermal stress to match.16 Measured in silicon steel, the laser's magnetic damage reaches as far as the punch's or farther, and in most of the published comparisons the laser-cut edge is the worse of the two.16 Laser cutting is the prototype tool because it needs no die, not because it is kinder.
Then the Hiperco twist. In silicon steel the stress-relief anneal is optional and often skipped, so the damaged band ships. In Hiperco the anneal is NOT optional. You are going to recrystallize the whole lamination anyway, and recrystallization does not know which dislocations came from the mill and which from your punch. In silicon steel, an anneal after cutting brings the different cutting methods to nearly the same loss;17 in iron-cobalt, the one published head-to-head I can find (punching, wire EDM and laser, with the anneal before or after the cut) found that laser cutting followed by the anneal gave the best magnetic result of the routes tried.18 Carpenter's own process note says stamping gives the highest magnetic performance of its stack-building methods.19 Those two do not agree, and the honest reading of both is that after a proper anneal the cutting method is a second-order effect and the anneal is the first-order one. What survives the anneal at a laser edge is thin: the recast skin and the oxide, which do not recrystallize into anything useful. What survives at a punched edge is the burr, which the anneal does not remove. Wire EDM leaves a recast skin of its own, and surface flaws that have been known to start cracks in a finished part.20 So choose the cut on burr, tolerance, gauge and die cost, deburr whatever you choose, and never skip the anneal. One warning on the die: the strip arrives cold rolled to something over 1,000 MPa yield,21 so expect it to be harder on tooling than silicon steel.
Short versionAcross a cut edge, saturation is flat, permeability dips, coercivity and loss climb, and the band is about a thickness wide. The anneal flattens most of it. What it cannot flatten is a thin laser skin, which is why laser-cut Hiperco needs an edge allowance in the design rather than an apology afterward.
2 · What happens when you use itWhich properties care, and how far in
The profiles in the figure say which property is damaged, and how far from the edge. Saturation is a straight line: the edge is still iron and cobalt. Permeability near the edge drops to a fraction of bulk and recovers over about a thickness; coercivity does the mirror image; loss, which at a given frequency and flux is largely a coercivity story, follows coercivity. After the anneal the green curves are nearly flat. What remains is thin: a skin of oxide and recast at a laser edge, which you design around with an allowance, and a burr at a punched edge, which you remove before stacking, because the anneal will not.17
Now the arithmetic, which is mine. Suppose the hard-damaged band is one thickness per edge, the silicon-steel rule of thumb applied to iron-cobalt on my say-so.22 A stator tooth 2 mm wide cut from 0.15 mm strip has two edges, so 0.3 mm of its 2 mm, 15%, is damaged before the anneal. A 1 mm tooth is 30% damaged. Thin strip and fine teeth are exactly the combination iron-cobalt gets specified for, in high-speed, high-frequency machines, so the damaged fraction is not a corner case. It is the design. In silicon steel you would ship it. In Hiperco the anneal gives it back, if the anneal is done, and done right, which is the next section.
Short versionThe final anneal does two jobs at once: it erases the cold work, and it sets grain size and the degree of order, which fix permeability on one side and yield strength on the other. Push it toward coarse grains and you get the stator alloy. Hold it back and you get the rotor alloy. Same coil.
3 · The heat treatOne coil, two alloys
What the anneal does, in order. First it recovers and then recrystallizes the cold-worked structure, replacing the dislocation forest with new, strain-free grains; that is what returns the permeability. Second, as the new grains grow, grain boundaries become scarcer, and grain boundaries pin domain walls, so the further the anneal is pushed the higher the permeability and the lower the coercivity. Third, on the way back down, the alloy orders into the B2 structure below roughly 730 °C, and the rate of cooling through that range decides how completely; order is what gives the 50/50 alloy its low anisotropy and its brittleness, both.2 The atmosphere matters too, because the alloy oxidizes and picks up carbon and nitrogen that pin walls, so the anneal runs in dry hydrogen or vacuum, and the parts go in clean.7 The data sheet gives the temperatures, times and atmosphere. This page does not, on purpose.
The catch is that a coarse-grained, fully ordered alloy is also a weak one. Coercivity falls with grain size and yield strength rises with it, and the two laws, Mager's for the one and Hall-Petch for the other, pull in opposite directions through the same variable.23 A rotor turning at tens of thousands of rpm is held together by its yield strength, so the rotor designer stops the anneal early and accepts the permeability penalty, and the stator designer pushes it and accepts the strength penalty. The mills sell both ends. Carpenter's Hiperco 50A has no grain refiners and is the magnetic end; Hiperco 50 HS, with niobium to hold the grains fine, is the strength end.7 VAC's VACODUR 49 data sheet says it plainly: stator and rotor laminations can be stamped from the same strip and then annealed differently, with the yield strength set anywhere from about 210 to 400 MPa, against about 18,000 maximum permeability at the soft end and 8,000 at the strong one, and a tantalum-zirconium cousin pushes the strength end to 800 MPa at a permeability a magnet designer would not call soft.24 The lesson is more general than the catalog: the alloy you specified is not finally decided until the furnace door closes. Design the anneal with the part, not after it.
In practiceI spent years on Formula 1 MGU-K and MGU-H systems, machines that live between 50,000 and well over 100,000 rpm, and the rotors I built were surface-mount permanent-magnet designs. Whether the stacks in them were iron-cobalt, and what their anneal looked like, is under NDA and will stay there. The shape of the problem is public: at those speeds the rotor's yield strength is on the critical path, and every unit of permeability bought with a harder anneal is paid for in strength you no longer have. The omissions here are deliberate.
Short versionThe silicon-steel route is stamp, stack, ship. The Hiperco route is cut, clean, anneal flat, coat, bond, and assemble without stress, and nothing after the anneal may deform the part. Plan the fixtures, the coating step, the witness rings and the lead time before you order the strip.
3 · The heat treatPlanning around the point of no return
Walk the two rows. Fully processed silicon steel comes off the mill annealed and already wearing its insulation, a coating of a class that survives a stress-relief anneal.25 It is stamped on a progressive die at a few hundred strokes a minute,26 interlocked or welded into a stack in the die, sometimes stress-relief annealed and usually not,27 and that is a stator. Hiperco comes off the mill cold rolled and hard, carrying at most a thin separator (on VAC's strip it becomes a magnesium-oxide film under a micron thick in the anneal; on Carpenter's the sheet names a magnesium-oxide anti-stick layer or an oxide you grow afterward).87 It is cut. It is cleaned, since anything on the surface goes into the furnace with it. It is annealed, either as loose laminations between flat plates or as a stack that was interlocked in the die, because thin strip does not come out of a furnace flat on its own.28 THEN the insulation is finished, usually by growing an oxide in a second, cooler treatment, and loose laminations are bonded into a stack.7 Welding a stack after the anneal is a laser cut you did on purpose.
And it grows. The 49% cobalt alloys lengthen permanently in the anneal, by up to about 0.2%, and not equally in the two directions, so a round core can come out slightly elliptical;828 a precision bore therefore has to be finished after the anneal, and VAC's own advice for that finishing is "as gentle as possible," which is the whole dilemma in four words.8 After the anneal: no restrike to flatten, as little machining as the growth allows, no shrink fit that loads the yoke, no winding pulled tight against a tooth, no potting compound whose cure shrinkage squeezes the stack. Each of those is a small cold work, and chapter 3 showed what small cold work does to this alloy; in silicon steel a shrink fit alone has been measured to add a third to the yoke's loss and cut its permeability several-fold.29 The engineering answer is to design the stress out: locate the stack on the shaft without loading it, bond with low-shrinkage adhesives, clamp at a few points rather than press, and give the laser-cut edge its allowance.
Two more lines for the plan. Put a witness ring, a toroid cut from the same strip, into every furnace load, because the data sheet number is a ring number and the only way to know what your laminations became is to anneal a ring beside them and measure it. And buy the lead time early: the atmosphere furnace, the fixtures and the coating step are weeks, not days, and they belong on the order with the strip, not after it.
In practiceMagnet bonding and adhesion have been a focus of my career, and a bonded Hiperco stack is the same problem with one extra rule: the adhesive's cure must not load the laminations. A glue line that shrinks as it sets is a clamp you cannot remove, and the stack will tell you about it in the permeability, not in the pull test.
Short versionHalf of every kilogram of Hiperco is cobalt, and cobalt is priced like a battery metal, which lately it is. Before anybody melts anything, the cobalt alone puts Hiperco's raw-material floor well above a finished kilogram of silicon-steel coil. The strip price is not published. The floor is enough to decide most projects.
4 · Versus silicon steelWhat the cobalt alone costs
My arithmetic, raw content only. Iron at the US hot-rolled band price is about $1.30 a kilogram this month, and half that at the world export price.30 Three percent silicon, at ferrosilicon prices, adds about six cents.31 A finished kilogram of non-oriented electrical steel coil in the common gauges is somewhere between $2 and $5.40 in the United States, and I give the range because the two public price indices disagree with each other by a factor of two and a half.32 Hiperco 50 is 49% cobalt, and cobalt metal on 19 October 2026 was about $35,700 a metric ton, call it $36 a kilogram,33 so the cobalt in a kilogram of Hiperco is about $17.50 before the iron, the vanadium, the vacuum melt, the rolling to a few tenths of a millimeter, the slitting and the yield losses at every step. The mills do not publish the strip price and I am not going to guess at it. What is public is the multiplier: a peer-reviewed study of aerospace starter-generator laminations puts cobalt-iron at about ten times the cost of silicon iron, and Arnold, selling thin-gauge silicon steel against it, says its product is about a third the price of cobalt-iron.34 So the raw cobalt alone is already three to nine times the price of a finished kilogram of silicon steel, depending on which index you believe, and whatever the strip costs, it moves with cobalt, which through 2025 and 2026 moved with Congolese export policy: a ban in February 2025, quotas from October, a price that more than doubled over the year, and then a fall of a third in a single month this autumn.35
Two cost consequences beyond the kilogram. Thin strip: at high frequency the laminations get thin, and thin strip costs more per kilogram in any alloy, because the last rolling passes are the slow ones.36 And yield: a stamped stator throws a large fraction of the coil away as slot and bore scrap. In silicon steel that scrap is scrap. In Hiperco it is half cobalt, and a program that does not reclaim it is paying for the cobalt twice.
Short versionOn the sheet, Hiperco wins on saturation, permeability and temperature and holds its own on loss. Off the sheet it loses on strength after the anneal, delivered condition, cutting freedom, growth, tolerance of stress and cost. It pays when the machine is sized by flux or by mass in a fixed envelope, or runs hotter than silicon steel can. Otherwise, silicon steel, and spend the cobalt money on copper.
4 · Versus silicon steelWhen it pays, and when it does not
While Hiperco's data sheet beats silicon steel's in the columns most people read, those columns matter when the machine is flux-limited, and in the columns that matter when it is cost-limited or process-limited, silicon steel wins, and most machines are those machines. Loss is the column where the sheet surprises people. At the same gauge, Carpenter's Hiperco 50A ring posts a lower 60 Hz loss than M-19 does on its own sheet (about 1.8 against 3.2 W/kg at 1.5 T in 0.36 mm strip), and at 400 Hz it takes a thinner silicon steel to match it.79 The catch is in the word ring. That is a well-annealed, untouched toroid, and your stator is neither. And at kilohertz, where the eddy term rules and the resistivity (about 40 µΩ·cm against 45 to 55 for 3% silicon steel) is slightly against it, thin silicon steel and amorphous ribbon pull ahead; Arnold's own line is that cobalt-iron is not recommended above about 1,200 Hz.37
Temperature is the other column where the physics is on Hiperco's side. Its Curie point is about 940 °C against about 745 °C for 3% silicon steel,738 and nobody designs at the Curie point; the practical limit is the winding insulation and the coating. But a core at a few hundred degrees has kept nearly all of its saturation if it is iron-cobalt and given up a noticeable slice if it is silicon steel, which is why the aircraft starter-generator programs that run their cores toward 500 °C are iron-cobalt programs.39 The payoff, when it pays: a published more-electric-aircraft starter-generator design came out about 20% lighter in the stator on cobalt-iron than on the best silicon steel it was compared with, and Carpenter's own aerospace pitch is 20 to 30% in power density.6
So: use Hiperco when the design is sized by flux or by mass at a fixed envelope (aircraft generators, high-speed rotors where a thinner back iron is a lighter spinning mass, actuators whose pull is set by B²), or when the core runs hotter than silicon steel's practical range, and ONLY with a process plan that treats the anneal as the last manufacturing step, with the fixtures, the coating, the witness rings and the lead time bought before the strip. Everywhere else, silicon steel, and put the cobalt money into copper, cooling or a better magnet. The trouble with Hiperco is that it makes you the mill.