“…Due to high hysteresis energy and mechanical strength, FeCrCo magnetic alloy is suitable for miniature devices. 2–5 Miniaturized micro-electromechanical systems (MEMS), micro-reactors, and micro-mechanical devices have applications in automobiles, aircrafts, telecommunication, mobiles, computers, laptop computers, home appliances, and medical devices. 6 High end applications in aviation, railway transport, and shipbuilding require magnetic materials that possess combination of good machinability as well as good mechanical and magnetic properties.…”