A component made of an alloy including carbon at less than approximately 0.04 weight percent, manganese at about 0.0 to about 0.2 weight percent, silicon at about 0.0 to about 0.25 weight percent, phosphorus at about 0.0 to about 0.015 weight percent, sulfur at about 0.0 to about 0.015 weight percent, chromium from about 20.0 to about 23.0 weight percent, molybdenum from about 8.5 to about 9.5 weight percent, niobium from about 3.25 to about 4 weight percent, tantalum at about 0.0 to about 0.05 weight percent, titanium from about 0.2 to about 0.4 weight percent, aluminum from about 0.15 to about 0.3 weight percent, iron from about 3.0 to about 4.5 weight percent, and the remainder being nickel. The alloy may then be subjected to heat treatment procedures such as annealing at a temperature of less than approximately 982° C. and a duration of less than approximately one hour and aging at a temperature between approximately 538° C. and 760° C. and a duration of up to approximately 100 hours. Methods of treating an alloy are also disclosed.