A method for cost effectively case hardening a component formed from a martensitic stainless steel material with a desired metallurgical condition for high temperature, high rolling contact fatigue, corrosion and spall initiation and propagation resistance bearing performance. The method describes a method to significantly reduce the carburization or carbo-nitriding process times for appreciable reduction in manufacturing cost. The Method includes the steps of: forming the component from a martensitic stainless steel material having an ASTM grain size of 9 or finer; and subjecting the component to one of a carburization and a carbo-nitriding treatment with significantly lower case hardening times for manufacturing cost-effectiveness.