Systems and methods for measuring corrosion rate of an equipment material are provided. A system may comprise a corrosion probe body for insertion within an interior of the equipment through which corrodant fluid flows. At least one sensor on the corrosion probe body includes an ultrasonic source configured to provide an ultrasonic signal into the probe body material, and a receiver configured to receive reflections of the ultrasonic signal from the probe body material and generate electrical response signals indicative of the travel time of the ultrasonic signal. A heat exchanger may be placed in fluid communication with the probe body to deliver heated or cooled fluids to the probe body. A processor is configured to process the electrical response signals and produce corresponding corrosion data.