The microstructure of 9th–15th century artifacts made of crucible steel, found at sites in Central and Northwest Asia, is described. Metallographic study of items from settlements and burials with precise data on chronology, location, and accompanying artifacts is important for reconstructing the history of bulat steel and the technology of melting and processing ultra-high-carbon crucible steel. The study of the macro- and microstructure, and the chemical analysis of such items indicate an extremely high content of carbon—1.7–2.1 %. The characteristic feature of their microstructure is a dark matrix with white inclusions of ledeburite and iron carbides. The combination of structural components is reflected in the patterned structure of the metal. These properties suggest that such metal is identical to bulat steel. Findings of macrostructural analysis extend our knowledge of the varieties of this metal, its structural features, phase composition of separate groups of ultra-high-carbon crucible steel, smelting technology, plastic and thermal treatment, and physical properties.