Ultrasonic nondestructive inspection (NDI) is widely applied in order to evaluate the structural integrity of steel components. The main reason for this success is that ultrasonic NDI is an excellent means for detecting inhomogeneities. Ultrasonic characterization of inhomogeneities, however, is less successful, as ultrasonic measurements do not directly provide the information, such as size and shape, needed to apply the rules of fracture mechanics. Although the location and orientation of an inhomogeneity may sometimes be estimated quite accurately from ultrasonic measurements, its size and shape are often very hard to determine. Cross-sectional images of the region containing the inhomogeneity would be particularly suitable for extracting these characteristic features. It is possible to reconstruct an image of a possible defect from ultrasonic B-scan data using the well-known Synthetic Aperture Focusing Technique (SAFT) [1].