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Modern materials science is focused on the development of steels with a range of performance characteristics, including high strength, wear resistance, corrosion resistance, and long-term performance in various conditions. Special attention is paid to the control of the microstructure of steels at the crystallization stage, which allows for the improvement of metal properties without significantly increasing the cost of the manufacturing process. One of the promising methods of microstructural engineering is the modification of steels with dispersed particles of refractory compounds, such as titanium carbide (TiC), zirconium carbide (ZrC), and tungsten carbide (WC). However, the processes of dissolution, dissociation, and interaction of such ceramic particles with the metal melt, as well as their influence on the formation of the microstructure and properties under the conditions of non-equilibrium crystallization, which is typical for centrifugal casting, are not sufficiently studied for austenitic stainless steels. In this work, the influence of dispersed carbide particles of TiC, ZrC, and WC, which are introduced into the melt of austenitic stainless steel (Cr ≈ 18%, Ni ≈ 10%) during centrifugal casting, on the redistribution of alloying elements, the formation of the microstructure, and the mechanical properties of the material is investigated. Special attention is paid to the kinetic nature of the dissolution and interaction of the carbides with the melt, as well as the directional distribution of elements across the cross-section of the billets. The study includes the analysis of the distribution of Ti, W, and Zr across the cross-section of the centrifugally cast billets, the study of the microstructure and phase composition of the inclusions using SEM/EDS, and mechanical testing. It is found that the implementation of dispersion hardening leads to an increase in the tensile strength by up to ~22% compared to the initial alloy (from 496 to 612 MPa), while the impact strength decreases by 5–25% (from 110 to 82 J/cm2) depending on the type and quantity of the introduced particles. The analysis of microhardness shows the presence of a gradient of local properties across the cross-section of the centrifugally cast billets, with microhardness values ranging from ~110 to 195 HV0.5. For the modified samples, the relative difference between the inner and outer zones is ~5–20%, reflecting the combined effect of non-equilibrium solidification, redistribution of alloying elements, formation and spatial distribution of secondary phases, and local structural heterogeneity. These results confirm the possibility of controlling the distribution of properties within a single billet.