On cooling, austenite transforms to martensite and releases latent heat — detected by DSC as an exothermic peak on the cooling curve. The onset and completion of this peak correspond to Ms and Mf. On heating, the reverse transformation occurs: martensite converts back to austenite, absorbing heat from the surroundings and producing an endothermic peak on the heating curve, with onset and completion at As and Af. The area under each peak represents the transformation enthalpy, and the separation between the cooling and heating peak temperatures is the thermal hysteresis — a characteristic of the specific alloy composition and thermomechanical processing.