High alloy steels are widely used for high temperature and corrosion resistance applications in power plants, e. g., in chemical and petroleum industries. Mechanical properties of these alloys (e. g., hardness and tensile strength) can be altered by suitable heat treatment. This paper deals with failure investigations of a cast valve made of high alloy steel. The samples were taken from valve body and prepared by metallographic techniques. Microstructural defects causing cracking were investigated using light microscopy and scanning electron microscopy/energy dispersive X-ray spectrometry. Segregation areas at the grain boundaries in the microstructure of the material were observed. Casting was repeated by taking necessary measures during the production in order to eliminate these heterogeneous regions and then suitable heat treatment was applied to the part. The samples taken from the last part were also examined. As a result, a homogeneous microstructure was obtained and no macro or micro cracks were observed.