The document discusses time-temperature-transformation (TTT) diagrams and the phase transformations they describe. TTT diagrams show the percentage of a phase transformation completed over temperature and time for a given alloy composition. They can indicate the microstructural phases like pearlite, bainite, and martensite that form during heating and cooling processes. The document explains how TTT diagrams are constructed from isothermal experiments and describes the various diffusion-controlled and diffusionless transformations that occur for a eutectoid steel depending on the cooling rate.