A method of forming a turbomachinery component comprising a nanostructured ferritic alloy, wherein the method comprises vacuum induction melting a ferritic alloy matrix comprising Fe-14Cr-0.4Ti-3W-0.5Mn-0.5Si (wt %) to form a melt of the alloy matrix, atomizing the melt with argon gas to form atomized powder of the ferritic alloy matrix, mixing the atomized powder with yttrium oxide to form a mixed powder, milling the mixed powder until the yttrium oxide is dissolved into the ferritic alloy matrix to form a doped powder, and hot isostatic pressing the doped powder in a vacuum at 30 ksi for 4 hours at 1150° C. to form a hot isostatic pressed nanostructured ferritic alloy turbomachinery component.