Solution:Eutectoid steel–Eutectoid means most fusible. It is an alloy of two or more metals in which the proportion of the constituents is such that it has the lowest melting point in comparison to the constituent elements.
At a point (carbon 0.8%) where all of the ferrite is in combination with carbon, the structure is pearlite and this combination of iron and carbon is known as eutectoid steel.
