DP steels consist of a ferritic matrix containing a hard martensitic second phase in the form of islands. Increasing the volume fraction of hard second phases generally increases the strength.

The microstructure of TRIP steels is retained austenite embedded in a primary matrix of ferrite. In addition to a minimum of 5 volume percent of retained austenite, hard phases such as martensite and bainite are present in varying amounts.

CP steels typify the transition to steel with very high ultimate tensile strengths. The microstructure of CP steels contains small amounts of martensite, retained austenite and pearlite within the ferrite/bainite matrix.

To create MS steels, the austenite that exists during hot-rolling or annealing is transformed almost entirely to martensite during quenching on the run-out table or in the cooling section of the continuous annealing line.