A method of making a steel composition includes the steps of: a. providing a steel composition that includes up to 15% Cr, up to 3% Mo, up to 4% W, 0.05-1% V, up to 2% Si, up to 3% Mn, up to 10% Co, up to 3% Cu, up to 5% Ni, up to 0.3% C, 0.02-0.3% N, balance iron, wherein the percentages are by total weight of the composition; b. austenitizing the composition at a temperature in the range of 1000.degree. C. to 1400.degree. C.; c. cooling the composition of steel to a selected hot-working temperature in the range 500.degree. C. to 1000.degree. C.; d. hot-working the composition at the selected hot-working temperature; e. annealing the composition for a time period of up to 10 hours at a temperature in the range of 500.degree. C. to 1000.degree. C.; and f. cooling the composition to ambient temperature to transform the steel composition to martensite, bainite, ferrite, or a combination of those microstructures.