Concept:
Ferrite stabilizers are alloying elements such as:
\[
Cr,\ Si,\ Mo,\ W
\]
Their primary effect is to stabilize the $\alpha$ (ferrite) phase and reduce the stability of $\gamma$ (austenite) phase.
In the Fe–Fe$_3$C phase diagram, carbon solubility in austenite is a key factor controlling phase boundaries.
Step 1: Effect on phase stability.
Ferrite stabilizers:
• Expand ferrite region
• Shrink austenite region
This happens because they increase the stability of BCC iron relative to FCC iron.
Step 2: Effect on carbon solubility.
Austenite (FCC) normally dissolves carbon up to about 2.11% at eutectic temperature.
Ferrite stabilizers:
• reduce solubility of carbon in $\gamma$ iron
• push carbon out of austenite
Thus:
\[
\text{Carbon content in }\gamma \text{ iron decreases}
\]
Final Answer:
\[
\boxed{\text{Decreases the amount of carbon in gamma iron}}
\]