This paper reports the first systematic study on the optimization of key process parameters for binder jet additive manufacturing of M2 high-speed steel and their influence on the properties of green bodies and sintered parts. Through systematical optimization of the curing time, ultrasonic vibration time, screen size, layer thickness, and reference voltage, the relative density, dimensional accuracy, and compressive strength of the green bodies were significantly improved. Based on the powder packing theory, the coarse-to-fine volume ratio of bimodal powder was optimized to 8: 1, thereby achieving a high packing density of 4.378 g/cm3. During the sintering process, the effects of temperature and holding time on microstructure evolution and mechanical properties were systematically investigated. The results demonstrated that after sintering at 1290 °C for 60 min, the samples achieved a relative density exceeding 95.7%, with compressive strength reaching 2762 MPa, the compressive strain measuring 26%, the hardness registering 628 HV, and the surface roughness (Rz) as low as 0.067 mm. Microstructural analysis revealed that the sintered microstructure consisted primarily of an α-Fe matrix, irregular MC carbides, and fishbone-like or network-structured M₆C carbides. Increasing sintering temperature and time induces three key changes: First, grain-boundary M₆C carbides coarsen and become inhomogeneous; second, grains undergo significant growth; third, secondary phases (e.g., retained austenite) persist, whose stability is governed by liquid-phase behavior and carbide reprecipitation. This study provides critical theoretical and technological insights for the high-precision and high-performance fabrication of M2 high-speed steel via binder jetting additive manufacturing.
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