Abstract Exchange-spring magnet L1-FePt/(Fe2B+α-Fe) is fabricated by flash annealing a melt-spun Fe48Pt34B34 foil. A coercivity of 8500 Oe (1 Oe = 79.5775 A/m), squareness (Mr/Ms) of 0.70, saturation magnetization of 10.2 kGs (1 Gs = 10-4 T) and an effective anisotropy Keff =2.0 × 107 ergs/cm3 are obtained. A two-step magnetization reversal feature is characterized in this paper. An exchange bias phenomenon is also observed in a low saturation field.
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