Both can be annealed. O1 can be done with a small forge or an electric furnace by heating to non-magnetic and slow cooling in vermiculite or similar medium (lamellar anneal). ATS-34 is a high alloy steel and requires accurate temperature and time controls for any annealing, meaning a digitally controlled furnace. O1 can be brought to its softest state (spheroidized anneal) by using an electric furnace with accurate controls. Spheroidizing is a much lengthier process, but yields the best physical state for machining.