VDM Alloy 699 XA (UNS N06699, EN Alloy number 2.4842) is a new alloy, which was developed for applications in the petrochemical industry under metal dusting conditions between 400°C and 800°C. Important properties of a new material are corrosion resistance, such as to metal dusting, oxidation resistance, and workability versus high temperature strength, which are essential for industrial applications. Currently, there are material solutions which demonstrate good metal dusting resistance, but may have issues with workability. In addition, there are also minimum requirements concerning creep resistance. It is therefore of fundamental interest, in the context of alloy design, to develop materials that has these important properties and satisfies the needs of industrial users.