Ferritic/martensitic 9-12Cr heat-resistant steels have been in the spotlighted as a promising material for ultrasupercritical (USC) power plants application for its excellent creep-resistant properties thanks to high thermal stability of microstructure at service temperatures above 600 °C. [1][2][3] Outstanding thermal stability of 9-12Cr steels stems from the formation of the various types of precipitates, such as M 23 C 6 , MX, and Laves phase, which decelerates the movement of subgrain boundaries or dislocations. [4,5] Recently, in addition to the optimization of chemical composition, the control of prior austenite grain size (PAGS) via a modification of heat treatment path has been adopted as one of strategies for enhancing creep-resistant properties. [3] A general practice for the refinement of PAGS is a repeated austenitizing and quenching process. [6][7][8][9][10] Karthikeyan et al. [7,9] showed that normalizing and tempering after double austenitization could render smaller PAGS compared to the conventional normalizing and tempering process in 9Cr-1Mo-0.1C steel, contributing to the improvement of impact toughness and creep rupture strength. On the other hand, it was also reported that grain refinement could be achieved through the application of isothermal γ ! α transformation before normalizing and tempering process. [11,12] Moon et al. [12] presented the grain refinement mechanism by the application of isothermal transformation before normalizing and tempering process in 9Cr-1.5Mo-1.25Co-0.1C-VNb steel. It is worth mentioning that the isothermal γ ! α transformation is often applied in the manufacturing process of various parts using heat-resistant steels for ensuring machinability. [11] Although the application of isothermal transformation was known as an effective way for grain refinement in martensitic steels, it requires prolonged time for the completion of transformation due to the high hardenability. Hence, the nose temperature in time-temperature-transformation diagram (TTT diagram), at which transformation is the fastest, should be quantitatively evaluated to minimize the process time for the isothermal transformation.The 9-12Cr steels contain alloying elements, like Cr, Nb, V, Mo, and W, to utilize the various types of precipitates. However, they are mostly ferrite forming elements which can induce the formation of δ-ferrite, which is detrimental to impact toughness and tensile properties. [13][14][15][16] Thus, the austenite stabilizing elements, such as Co, Cu, or Ni, are added to guarantee a fully austenitic microstructure during austenitization. [1] Among them, Co has been most widely used for suppressing δ-ferrite. Co also contributes to decreasing the coarsening rate of M 23 C 6 because it increases Curie temperature (T C ) in steel; it has been known that ferromagnetic ordering of iron below T C delays diffusion process. [17] However, the Co is far more expensive than other alloying elements, thus less Co content is favorable to reduce the materials cost. For that purpose, Cu can be con...