The superior soft magnetic material, Fe73.5Cu1Nb3Si13.5B9, formed by p
artially crystallizing amorphous ribbons upon annealing, has been inve
stigated using x-ray diffraction and Mossbauer spectroscopy. The micro
structure of the annealed ribbons consists mainly of DO3 alpha-FeSi na
nocrystallites and an amorphous phase that lies in the grain boundarie
s. This residual amorphous phase has a Curie temperature of about 600
K; when it becomes a paramagnet the coercivity of the ribbon increases
dramatically. It follows that, in addition to the nanocrystallite gra
in size and the random anisotropy, the coupling between the nanocrysta
llites by the amorphous grain boundaries is important for the achievem
ent of the excellent soft properties. When Cu is replaced by Ag or Ni,
a higher annealing temperature is required to produce nanocrystals.