There has been a small amount of research that shows that applied magnetic fields can change mechanical properties and deformation behavior of materials - both magnetic and nonmagnetic materials.
There are several benefits if significant changes in material properties, and by implication the mechanical behavior of the material in mechanical processes, can be produced by an applied magnetic field since
My work is centered on investigating the use of magnetic treatment for manipulating material properties and tribological processes - not on basic material science studies to explain the mechanisms of material-magnetic field interactions.
A quick overview of the state of my research is contained in my presentation for the Third International Tribology Conference, August 2004, Zielona Gora. Poland - ITC 2004.
I'll be posting the results of the work on residual stress reduction by pulsed magnetic treatment in September.