Selective laser melting (SLM) is a rapid prototyping technique based on melting and solidification of powder layers to build up a 3-D solid body. [1][2][3] It was developed as a prototyping technology, but is attracting ever-increasing interest as a rapid manufacturing technology for the production, for instance, of orthopedic prostheses made of titanium and cobalt alloys [4,5] and die inserts made of low alloys and maraging steels for the plastics industry. [6,7] Because of the large solidification undercooling, SLM results in the formation of either very fine or metastable microstructures, which sometimes do not find a correspondence in the alternative technologies and in the international standards, as in the case of titanium alloys. [8] An in-depth investigation on the effect of the microstructure on mechanical properties is necessary to evaluate whether or not such a peculiar microstructure is acceptable for practical applications.SLM is used for the production of surgical tools, as well. In this case, a stainless steel combining mechanical strength, wear resistance and corrosion resistance is the best choice. This requirement is satisfied by the precipitation-hardening (PH) stainless steels. Among them, the 17-4 PH grade is a high-chromium steel with a martensitic microstructure (resulting from the transformation of austenite on cooling), which has to be heat treated (solution annealing and aging) to promote the precipitation of Cu phases. [9] In this material, the large solidification undercooling may prevent the formation of martensite in the as-built material, leading to a metastable austenitic microstructure.Metastable austenite may transform into martensite on straining, resulting in the well-known transformation-induced plasticity (TRIP) phenomenon. TRIP is exploited in some steel grades, namely the low alloyed Si-Mn steels as well as the high alloyed Mn-Si-Al steels, to improve their plastic ductility in cold forming. TRIP is also displayed by austenitic stainless steels. Its occurrence depends on the stacking fault energy (SFE) of austenite: [10] on decreasing SFE, deformation occurs by perfect and partial dislocation gliding, by twinning and then by martensitic transformation. With a SFE below 15-20 mJ m À2 , austenite transforms to e and a' martensite, resulting in an increase in strain hardenability and, in turn, ductility.An increase in toughness due to the presence of retained austenite in a 17-4 PH stainless steel was reported by Nakagawa and Miyazaki; [11] up to 30% austenite was stabilized in the microstructure by a special heat treatment. However, a mostly austenitic 17-4 PH stainless steels has never been investigated.In this paper, a study on the microstructure of a 17-4 PH stainless steels, produced by SLM, and on its effect on the tensile properties is presented. The as-built microstructure contains a large amount of metastable austenite. Tensile tests show a large plastic ductility coupled to significant strain hardenability, resulting in a high tensile strength around 1 GPa. The trans...