The document discusses different micro-constituents that can form in iron-carbon alloys: 1) Ferrite is a solid solution of carbon in body-centered cubic iron that is stable below 912°C. 2) Pearlite is a lamellar eutectoid mixture of ferrite and cementite that forms at 723°C. 3) Austenite is a solid solution of carbon in face-centered cubic iron that is the stable phase above 912°C with a maximum solubility of 2.0% carbon at 1130°C.