Abstract: An iron based hardfacing alloy with an undiluted (all weld material) alloy composition is substantially balanced in order to achieve an hypo-eutectic primary austenitic with secondary martensitic solidification mode. The alloy enables the deposition of substantially crack-free single layers of hardfacing onto industrial components without any post weld treatment. The hardfacing alloy is capable of withstanding abrasion of silicious earth particles when applied to industrial products, such as tool joints, stabilizers and casing and other tubulars used in oil and gas well drilling, and other industrial products.