This article discusses the different phases in Fe-Fe3C phase diagram including Ferrite, Cementite, Austenite, and Pearlite. It explains their properties, crystal structures, and solubility of carbon. The article also covers the concept of peak broadening and the difference between quenching and annealing procedures. Additionally, it provides an explanation of the heat treatment process for annealing, normalizing, tempering, and quenching. Finally, the article explains the concept of age hardening and the Avrami equation.