I hate to ask what is surely going to be a stupid question but, since I don't forge (yet) can someone explain what a thermal cycle is??
Thanks,
SDS
Annealing, stress relieving, normalizing, Spheroidizing or Spheroid annealing are all different types of "thermal cycles". Tempering ? I'm not sure, but I think I would consider that a type of thermal cycle too. And I don't think you necessarily have to forge to benefit or use certain types of thermal cycles. Stock removal only knifemakers often use thermal cycles too. For the most part, bar stock that is purchased from the supplier for stock removal knives should already be in the proper condition to mill, drill, grind, etc. and ready to harden & temper when you're to that point. Certain stock removal knives
can benefit from a stress relieving cycle (or 2). For instance an integral with complex geometry that might tend to move or warp when going directly from the mill or grinder to the kiln for hardening.
Some of the cycles can be lengthy, and at high heats (just below, at, or above austinitizing temperatures) causing pitting, scaling etc. Rather than using PBC or similar products to protect the surface of my forged blade while in the kiln I use my
old envelopes like I had mentioned in an earlier post. If I have a forged blade in an old envelope with a pin hole in it that I missed and it ends up with pitting, the blades
usually have enough meat left on them at this point that I can still clean them up. The old foil envelopes just save me a little potential grief "just in case" the meat
isn't there. So far I've been lucky and the old envelopes have done there job well. But, like SBuzek said, the potential for pinholes, etc. exists.
Sorry if I confused you about how I re-use the foil envelopes SDS. For austinitizing my air harden steels I always use a new foil pack. I usually have a considerable amount of time into them and don't want to risk using an old, bad envelope. For austinitizing my forged blades I use either PBC or Satanite (when doing Hamon) for protection. IMHO, foil envelopes are not practical during austinitizing of oil or water quench steels due to time required to remove the knife from the foil before quenching.
And I might get thrashed for my technique here. Re-using the old envelopes is just one of my ways of being frugal, trying to eliminate problems during thermal cycling.
Basically, the only thing I use my forge for is for shaping my blades. All other "thermal cycles" are done in my kiln, at precise temps, with what I believe to be, plenty long enough soaks. I've become down right anal about trying my best to insure my steel is in the perfect condition before austinitizing and quenching (blame it on Cashen). That's how, (and why) I re-use my old foil,
and how I do it.
OMMV 
Some guys are masters at controlling everything in their forge. I'm not to that point yet
